My dad is buying a home in Brooklyn, Ny. How can I help him?
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My dad is planning on buying a home in brooklyn ny and he does not want to spend more than $400,000 on a 2 family home with a finished basement. He has excellent credit and is not currently working but when he was, he was making about $60,000 a year. He is in a union so he just waiting to go back to work. Will he be approved for a loan for the house if he is not working? He plans on putting $30,000 for a down payment. How much(estimating) would the monthly mortgage be? Where can i look for homes for him online in the brooklyn area? Any suggestions would help. Serious answers please What else should I know about buying a house in NY. I want to educate my dad and myself before helping him buy a house
My dad is buying a home in Brooklyn, Ny. How can I help him?This is a great time for your father to be buying a house. He will be able to find an excellent two family in that price range. A short sale property would be perfect for him. I stongly believe he will be able to get all the credit he needs for the purchase. Brooklyn is an excellent choice.
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