Financing your condo, co-op, or townhouse

About this book

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:The differences among condos, co-ops, and townhousesHow to find the right type of property for themThe rules governing loans for condos, co-ops and townhousesHow to evaluate which loan type is best and lock in the lowest rateWhy the percentage of owner-occupied units is importantWhat to consider when buying new construction or conversion propertiesThe financial considerations unique to each type of homeWhatever the property, whatever the question…this handy guide to financing has the answers.