Asked by Tony, Brooklyn, NY • Fri May 23, 2008
savings for 5% down and closing costs. I also have a credit score around 750, high verifiable income and a mortgage pre-approval from BofA. Every time I talk to an agent or broker they are telling me I need at least 10% down because the area is a declining market. But I checked every declining market list online I could find and Brooklyn is not on any of them. Does anyone know if it is, and where the correct list can be checked?
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