Can I Afford a 2-family home with 5% down payment in Brooklyn N.Y.
By Tony Busanich, 1-4 FAMILY HOME LOAN SPECIALIST
(TD Bank)
Can I Afford a 2-family home with 5% down payment in Brooklyn N.Y.The very first question that you should ask yourself when investing in real estate is: “Can I afford this House?” Though the concept is straightforward, there are a lot of factors that are going to affect your choice. It is best to stay prepared and get some background research done so that you have a head start on what range of houses you should be looking into. Aside from rough calculations and estimations, online calculators are also a great tool in finding how much of a house you can afford.Basic Points to PonderThe first thing that you will need to look out for when buying a home is getting qualified for a mortgage loan. Getting a mortgage loan approved depends upon several factors, including: Your monthly income You...
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