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Updated over 8 years ago on . Most recent reply
Approved for $500,000 FHA Loan
Hello
I have recently been approved for a $500k FHA loan and I am looking into something in the NYC surrounding area. I have a steady job working for the City of New York for about 2 years now.
Any advice on what the next step should be?
Most Popular Reply
Put your money into a property and let it appreciate. With you pre approval you can buy something in the 600k range. Get a duplex so you can rent 1 apt. Have some income coming in to help offset your debt servicing. Goodluck and let me know if I can be of help to you. As a realtor with investment experience, I am sure I can impart something of value to you.
Regards
Hem