buying a condo: What is a Non-Warrantable Condo? And why you should care…..
- 08/20/18 07:33 PM
This article is copied from an email newsletter by Alan Van Zee of Hawaii Mortgage Company. If you're looking for a lender in Hawaii, send them an email or call. What is a Non-Warrantable Condo? And why you should care….. This designation is important to anyone who is interested in buying, selling, or refinancing a condo. In short, almost half of the people out there should pay notice. If a condo project is determined to be non-warrantable, it could lead to difficulties in obtaining financing.
Let me first tackle where the term non-warrantable comes from. When a lender sells a loan to institutions such (7 comments)