investment: Condo investment ratio
- 04/14/11 03:34 AM
Condo investment ratio - Randy DeMille with Atlantic Bay Mortgage Group As a loan officer, I often times get asked "can I get a loan in a condo association if there are a lot of investment units"? Like with everything, "it depends". This is an important issue that is a part of the new real estate market we are in, and lenders are looking more and more at the number of investment properties within a condo association. From their perspective, investment or rental properties have a higher rish of foreclosure, which could bring down the value for the association, so this is … (1 comments)
Condo investment ratio - Randy DeMille with Atlantic Bay Mortgage Group
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