Financing Your Condo, Co-Op, or Townhouse

Financing Your Condo, Co-Op, or Townhouse

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Finding a condo, co-op, or townhouse to call home is hard enough, but finding financing to buy this kind of property is even more challenging. As a veteran mortgage banker and author of Mortgages 101, David Reed has helped thousands of buyers through this complicated process. Financing Your Condo, Co-op, or Townhouse offers readers invaluable advice, including information on developer financing, specialty loans, government programs and refinance loans, streamlining the approval process, appraisals, closing costs, and more. Readers will discover: a€c the differences among condos, co-ops, and townhouses a€c how to find the right type of property for them a€c the rules governing loans for condos, co-ops and townhouses a€c how to evaluate which loan type is best and lock in the lowest rate a€c why the percentage of owner-occupied units is important a€c what to consider when buying new construction or conversion properties a€c the financial considerations unique to each type of home Whatever the property, whatever the question...this handy guide to financing has the answers.The key ingredients to a credit score are: Payment history Available credit Length of time youa#39;ve had credit Credit inquiries ? ? ? ? ? Types of credit Payment History This is the a€œwillingnessa€ section and shows if youa#39;ve ever been late on an anbsp;...

Title:Financing Your Condo, Co-Op, or Townhouse
Author:David REED
Publisher:AMACOM Div American Mgmt Assn - 2009-06-24


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