military veterans and their widowed spouses who all meet specific eligibility criteria – is one of the most attractive loan products. That’s at least partly because VA loans require no down payment, which means a significant upfront money savings when applying for the loan. Let’s walk ...
If you have enjoyed life in Thailand for several years already, and meet certain residency criteria, it is possible to seek local financing. There are domestic and international banks that offer lending facilities to foreign nationals in Thailand. These include HSBC, Siam Commercial Bank (SCB), T...
CapitaLand was likewise called as the Regional Industry Leader of Asia (Diversified1) in the 2017 International Property Sustainability Criteria (GRESB) Realty Analysis for the 7th year running. In January, it was detailed in RobecoSAM’s The Sustainability Yearbook 2017 while arising 2nd in the y...
If a buyer wishes to purchase a condo in a building that does not meet these criteria, it would be more difficult to obtain a loan. This is where having an agent familiar with the area can be advantageous because they will be more knowledgeable about which properties qualify. Finding the U...
“There has been little change in lending criteria and policy within the co-op and condo space since the Great Recession,” says Korn. “It’s been pretty consistent. You’re dealing with low loan-to-value ratios and stable properties, but there may be more emphasis now on delinquencies. ...
Non-conforming mortgage:A non-conforming mortgage is one that does not meet the criteria to qualify for conventional funding and typically cannot be sold to Fannie Mae or Freddie Mac. The reasons for disqualification may include: the amount of the loan exceeds conventional loan limits, the purpose...
From Whom?! And How?! Of course, the first step is to identify a qualified lender with which an association can negotiate agreeable terms and come up with a feasible repayment plan. And certain criteria need to be met on the association’s side in order for it to prove a viable lendee...
If the building meets these criteria, you’ll likely qualify for the best loan rates and programs. However, if the building doesn’t meet all the lender’s requirements, there are still options. Many lenders offer more flexible loans, and some have limited review programs that focus primarily...
After you choose a home, your lender sends an appraiser to the property to determine its value. Provided your income and credit scores meet the lender's criteria, it will approve you to borrow from 80 percent up to 96.5 percent of the home's fair market value. ...
Her colleague, David Shahrabani, the vice president of PAB, describes the criteria that banks, including his own, use when deciding whether to make a loan to a building or association. Among these factors are the number of delinquent unit owners and how much money is in arrears; a reasonabl...