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Ronald; Sorry I was away for so long. Owner financing is where the owner accepts a down payment - often 10% to 20% then they carry back a mortgage on the rest for you. Sometimes the entire amount - sometimes just a portion (so you can avoid mortgage insurance). Retirees love it because they...

Like I said before - the time to buy is when you need it. The $100 bill bonfire is looking alot like your (non-deductible) rent...

20% is a bit much - but it would depend on the real value of the property. That's something a Realtor can help you determine. Some sellers are clueless about what their home value really is - always on the high side. Don't forget about the perks I discussed also. You should make all of your...

Nah - never put off buying a house if you need a place to live. This is a home first - not an investment. Don't try to time the market. ALso - only get a 30 yr fixed. Rates today are still low. A 15 year loan may be tempting, but for the small difference in rate you will lose lots of flexibility...

I should ahve mentioned - That is how it is in Florida and was in California - the only RE markets where I have experience. New Jersey likely has it's differences.

The first thing you have to consider is; Does it have a room suitable for Home Theater? Dimensions, electrical, light control, etc. :) No really - the first consideration is summed up in three words - Location Location Location. Really. As cheezy as it sounds that is the truth. Ideally you...