|
| |
construction: Financing Condominiums – What you need to know Part II: How Condos are Approved for Financing - 11/03/08 01:04 PM
Last week, we looked at some of the most significant factors that are considered in condominium approval. Let’s examine the 5 methods allowed for approval of a specific condo.
Fannie Mae / FHA Approval
Fannie Mae and the Federal Housing Administration used to approve condominiums following an exhaustive process that involved extensive questionnaires, appraisals, review of hundreds of pages of condo documents, and, as often as not, site visits. As the housing market has worsened, the expense of performing these reviews was no longer justified. Despite their termination of this process, both FNMA and FHA maintain an extensive list of approved … (0 comments)
|
construction: Construction Financing – You’ve Closed! Now What? - 06/23/08 01:36 PM
It might seem like getting your mortgage to build your new home was a battle. You were likely forced to submit copious documentation, and you home plans were extensively scrutinized. After all of that, you've signed a contract with your builder, and then you probably went to a lawyer's office somewhere and had to sign what seemed like 1000 pages of documents printed in a tiny little font that you know 15-year olds can't read much less you or the attorney asking you to sign it.
So what happens now?
Construction loans are structured with a series of payments, or disbursements, … (0 comments)
|
construction: Understanding Construction and Rehab Mortgage Options - 06/11/08 09:23 AM
Great opportunities exist in the real estate market right now. Many homes are selling for far lower prices than they brought at their last purchase. 3- and 4-unit properties are often available for a song due to extreme reductions in viable financing options. But what about getting a home that is right for you? The problem with real estate on the market right now, is that none of it is customized to your tastes.
Enter Construction and Rehab Mortgages. These mortgage programs allow for things that regular loans do not, specifically the financing of funds to build a new home, or … (2 comments)
|
|
|
|
|
|
Dan Hartman
Providence,
RI
More about me…
Province Mortgage Associates - (401) 263-8655
Address: 10 Davol Sq, Providence, RI, 02903
Office Phone: (401) 490-4400 x 114
Cell Phone: (401) 263-8655
Email Me
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!
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)