Loan officer: Alex Greer, the Mortgage Outlet. Property type: Condo in San Jose. APR: 2.794 percent. Backstory: HOA litigation against a project builder is almost a guarantee for any California condo ...
Anticipating a refinancing offer that could save him $647 a month, Dave Mayers of Jupiter instead got a jolt of reality: The deal was nixed after lenders saw the level of insurance his condominium ...
Fannie Mae and Freddie Mac want condominium projects to meet certain standards before they will buy loans secured by such projects. They want to know the percentage of investor-owned units. They want ...
This article outlines a practical action plan to boost condo affordability — from eliminating GSE condo LLPAs and aligning ...
Sign up for our Metro US email newsletter to get news, updates, and local insights delivered straight to your inbox! Q I am refinancing my condo at a great interest ...
To get approved for a condo mortgage, you’ll need a lender to approve both you and the entire condominium project. Financing a condo usually means paying a higher mortgage interest rate than financing ...
Q: I have an underwater condo in the city that I purchased on my own; it’s in my name only. I am currently renting it. I own a house with my husband and we are both on this deed and loan. So, ...
Our lender says that we cannot refinance our condo because our development does not have the required “approval” from Fannie Mae or Freddie Mac. Why is this so, and how can this approval be obtained?