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ap: Financing Condominiums – What you need to know Part I: Financing Considerations - 10/31/08 01:37 PM
I’m going to open this up this article with a shocking revelation: 
Condominiums are not the same as single-family homes.
Lenders do not view condominiums in the same way as single-family homes. There are additional risks that are considered, additional documentation that must be obtained, the result of which is that purchasing a condominium can be tougher than it seems. Let’s take a look at a few factors that are considered in evaluating condominium mortgages, and at the 5 ways that condos can be approved for conventional financing.
Completion
Banks are most concerned with the aspects of a condominium that … (0 comments)

 

Dan Hartman

Providence, RI

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Province Mortgage Associates - (401) 263-8655

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Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you! Locations of visitors to this page Site Meter


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