Miranda Tsotsoria
Sales Associate
One of the commonly cited reasons why New Jersey homebuyers remain on the sidelines is that they think they need to have a 20 percent downpayment in order to get a mortgage. This is another mortgage myth that is easily busted when you stop to think about the facts.
Recent statistics from the National Association of Realtors show that the number of first-time buyers is increasing. It is common knowledge that most first-time buyers don't have large downpayments, so they couldn't possibly all be putting 20 percent down.
Low-downpayment loans are still readily available. Just the other day, I heard about a 25 year-old man who purchased his first home using a Weichert, and got a loan through Weichert Financial Services requiring only 3 percent down.
So if you are considering to buy real estate in Chester, Mendham, Hackettstown, Long Valley, Chatham, Short Hills or anywhere else in New Jersey do not hesitate to contact me and I will show you how to find best real estate purchaising or financing deals in today's market.
