The time to buy is NOW If you have less than 15% towards a down payment for a Hoboken Condo!

By
Real Estate Agent with Halstead Property, LLC

The time to buy is NOW If you have less than 15% towards a down payment for a Hoboken Condo!

Since the government assumed control of Fannie Mae and Freddie Mac, lenders will be implementing rules slated to take effect at Fannie Mae in 2009 that mandate 15% for down payments. This will make it harder for home buyers, especially first time home buyers in Hoboken, to secure a property. In this buyer's market where property values that are in line with prices in 2005 and favorable mortgage rates of less than 6% (for exceptional credit), it would be wise to try to buy a home with the down payment that you have right if it's less than 15%, since there are only three months left to 2009.

Please let me know if you need anymore info regarding the new mortgage regulations or to see which property will fit you best.

Best regards,

Anoir

 
 
Your Hoboken Property Expert...........Experience you can bank on!
___________________________________________________________________________________________________________________________________________________________
 
Perez Redouane Property Partners
Anoir Redouane, Realtor Associate
 
Robert De Ruggiero Inc., Realtors
89 Washington St
Hoboken, NJ 07030
201.222.7550 ext. 12

 

Comments (2)

Michael Almeida
Pillar To Post - Professional Home Inspection - North Arlington, NJ
Licensed New Jersey Home Inspector

Anoir,

 

I couldn't agree more...

The time is now.  People should invest in their future today, because we never know what tomorrow will bring.

Regards of current "climate" conditions, the opportunities available to today's buyers are still some of the best seen in recent history.

Michael Almeida

Nov 26, 2008 09:34 PM
Ed Macias
Real Estate Teammates - Miami, FL
Miami FL-REO Property Management Multifamily

I agree. I work referrals. If you are interested let me know

Jun 04, 2010 02:12 AM