Know Before You Buy! If you are thinking about purchasing a condo, it is wise to talk about the financing first, as not every condo is eligible for financing! In order to use conventional or government options that offer the lowest down payments, the condominium project must be evaluated by the lender. Issues such as special assessments, too many rentals, use of the common elements and the condition of the condo association are just a few items reviewed by the lender. I have a fact sheet about “How Do I Know if It’s a Condo” that I’m happy to share with you. Just comment below, and I’ll send it to you. If you are in the market for a condo, let’s talk first!
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Know Before You Buy! If you are thinking about purchasing a condo, it is wise to talk about the financing first, as not every condo is eligible for financing! In order to use conventional or government options that offer the lowest down payments, the condominium project must be evaluated by the lender. Issues such as special assessments, too many rentals, use of the common elements and the condition of the condo association are just a few items reviewed by the lender. I have a fact sheet about “How Do I Know if It’s a Condo” that I’m happy to share with you. Just comment below, and I’ll send it to you. If you are in the market for a condo, let’s talk first!

ByBrandon Butler

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Are you having issues with your Appraisal? New rules require lenders to allow Borrowers to appeal their appraisal if they believe it is not an accurate reflection of the home’s value. The process for requesting an appeal of your appraisal is required of all lenders by October 31, 2024, but may be implemented prior to that date.  I have a fact sheet outlining how this works, so comment below, and I’ll send it to you! 
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Are you having issues with your Appraisal? New rules require lenders to allow Borrowers to appeal their appraisal if they believe it is not an accurate reflection of the home’s value. The process for requesting an appeal of your appraisal is required of all lenders by October 31, 2024, but may be implemented prior to that date.  I have a fact sheet outlining how this works, so comment below, and I’ll send it to you! 

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.