how to buy a condominium

how to apply for equity loan Think twice before taking out a home equity loan – . loan term information must be provided in writing before consumers apply for a loan or sign any agreements. Additionally, the FTC suggests that consumers learn more about equity loans by.

The only way we’d likely be able to get financing for a condo is if we bought a Homepath foreclosure. Most banks aren’t lending on condo-tel properties and every property on the beach is considered a condo-tel. A condo-tel is basically a vacation condo. Banks can’t easily sell the mortgages on condo-tel properties so they don’t lend on them.

Buying a condo with financing isn’t always easy especially if you don’t have a lot of money to put down. Although as this step by step guide shows it is possible. It may take countless phone calls and quite a bit of time to buy a condo with little to no money down, but it can be done.

For some house hunters, the thought of maintaining a house and a yard conjures up anxiety. Luckily, there are different kinds.

how do you get approved for a house loan Know This Before Getting Pre-approved for a Mortgage. – If you’re confident that you qualify for a mortgage, you can move on to getting preapproved. Here’s a rundown of what you need to know. When to get preapproved for a mortgage. The best time to seek a mortgage preapproval is when you think you’re ready to buy a house, but before you start spending tons of time house hunting.

Without a good sell rate, condo buying can become a major hassle. You can’t predict every market fluctuation, but with a little savvy, you can make an informed decision. What’s the strength of the market in your city and zip code? Are condos scarce, or is the market loaded with them?

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Buying a Condo  Pros & Cons Thinking about buying a condo? Depending on your location and the area’s real estate trends, purchasing a condo can be a good or bad investment. To help you make an educated decision, we’ve broken.

Buying a condominium is a home purchase, but condo financing isn’t entirely like mortgages for single-family homes. Getting a condo mortgage requires additional steps in underwriting, and some.

Your destination for all real estate listings and rental properties. trulia.com provides comprehensive school and neighborhood information on homes for sale in your market.

Financially we’d be perfectly fine buying and permanently living in a beach front condo and renting out our town house. However, after looking at all of the pros and cons of actually living in a beach front condo it just wasn’t worth it to us. There are definitely some awesome pros of living in.

 · As a Post real estate reporter, I consider myself an expert on the city’s residential market. But when it came to buying my first apartment, I had absolutely no clue what I was doing.

line of credit to consolidate debt I recently had a reader contact me about using a Home Equity Line of Credit (HELOC) to consolidate his credit card debt so he can pay it off more quickly. Below is his question, some pros and cons to using s HELOC to consolidate credit card debt, and some alternative options. Should I use a HELOC to consolidate credit card debt?