how much money do you need to buy a condo

 · If you’re wondering how much money you need to buy a house, you’ve come to the right place. Since buying a house is one of the largest purchases you’ll ever make, it’s a good idea to get a lay of the land. Here, we’ll go over different types of mortgages on the market and theRead more;

How to buy a co-op or condo apartment in New York City: A. – This is a complete guide to buying a co-op or condo apartment home in NYC — from choosing a good real estate agent and attorney, to getting a mortgage, finding the right building and apartment, negotiating the purchase, getting approved by a co-op board, and how to prepare for closing.

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How much money do I need to save up for the down payment on a condo in the. If you are buying into a condo association that has been FHA.

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10 Things To Know Before Buying A Condo – Consumerist – Before you jump into buying a condo, there’s 10 questions you should know the answer to: 1. How much are the monthly condo fees and what does it go towards?

 · So, if your target mortgage payment is $2,000 per month and you have consumer debts of $300 per month, you will need $6,388 gross monthly income to offset your housing expenses and consumer obligations. Down payment. Your down payment is another important factor in determining how much income you’ll need to buy a home.

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Young Boston professionals, will you ever buy a condo. – The question is why do you want to own. Do you want it for freedom to modify stuff or as an investment & way to save money in long run. If latter, then it is not really clear if buying is a good decision. I have seen opinions both ways. Tonnes of people live their lives without owning anything, or owning a house after retirement.

Here’s what you need to know first.. The most important factor in deciding to buy a condo is knowing how much effect the HOA payment has on your buying power in terms of sales price. The more.

Here’s the Salary You Need to Buy a Modest Home in New. – Using a financing calculator from a Canadian realtor, premiere mortgage center, in order to buy that same $400,000 house today with 10 percent down (Ron and Joan’s 1958 down payment was around 8 percent) and pay it off in 15 years, you’d need to make around $112,000 annually.

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