Gregg Marcus from Somerset Mortgage Lenders Speaks at Panel Discussion
Summary
Press Releases Somerset Mortgage Lenders (Gregg Marcus) Press Release Receive press releases from Somerset Mortgage Lenders (Gregg Marcus): By Email RSS Feeds: How Much Mortgage Can I Afford - Gregg Marcus from Somerset Mortgage Lenders Speaks at Panel Discussion Melville, NY, June 11, 2009 --( Gregg recently held a panel at their offices located at 290 Broadhollow Rd, Suite 310 E Melville NY 11747 Here is an excerpt: Buying the Home: Down Payment and Closing Costs This is the first and most obvious factor most people consider in buying a home.If you carry any long term debt (that‘s expenses extending 11 months into the future or more), then the ratios change slightly.Qualifying ratios examine a person’s income and expenses in order to estimate how much money can reasonably be spent on monthly mortgage payments," said Gregg Marcus, Executive Director of Somerset Mortgage Lenders.Gregg recently held a panel at their offices located at 290 Broadhollow Rd, Suite 310 E Melville NY 11747Here is an excerpt:Buying the Home: Down Payment and Closing Costs This is the first and most obvious factor most people consider in buying a home.Low-to-moderate income households, however, can find programs enabling them to purchase homes with as little as 3-5% down.Closing costs are fees for various items that must be handled through your lawyer in order for the deal to legally go through.If you carry any long term debt (that‘s expenses extending 11 months into the future or more), then the ratios change slightly.