Yes, you can refinance your condo. However, in comparison to a traditional home, refinancing a condo can be a tedious process. How to buy a condo with no money down? You can opt for USDA loans and VA loans to buy a condo without any down payment. Buyer Types of LoansGet...
Flexibility to relocate:An apartment is a good option if you don’t plan to stay in a particular area long-term. For instance, if you’re only planning to live in a city for a year or two before moving, renting is probably smarter than tying yourself to a mortgage. ...
If you’re ready to comparecondo mortgage rates, it’s important to also weigh the benefits and drawbacks of the lifestyle, not just the price you’ll pay to move in. Here are some top things to consider. Pros Lower-maintenance living:Since most, if not all, exterior maintenance on con...
Federal Housing Administration to tighten its condominium lending standards in Washington. It mentions that the new set of rules issued by the agency allows FHA endorsement lenders to have the authority to approve condominium projects for the first time. It affirms that the group temporarily delayed...
Anyone who owns acondominiumor townhouse may want to consider purchasing a condo policy, and if you have a mortgage on the property, the lender usually requires it. Most standard condo policies include $100,000 to $300,000 in personal liability, which you can potentially increase to fit your...
It’s smart to seek out a mortgage professional with condo experience to find the right financing for your purchase. Condo loans can be a bit trickier than a typical single-family home loan, even if you have an excellentcredit score, as the lender will want to scrutinize the finances of ...