Ummm… I seem to have tied myself up in packing tape. The greatest office move-inspired real estate book giveaway ever continues into its second week with Financing Your Condo, Co-Op, or Townhouse.
Financing Your Condo, Co-Op, or Townhouse by David Reed
You’ve been dreaming of a place to call home, and acquiring a condo, co-op, or townhouse seems like an ideal solution. You might think that buying one of these properties is less complicated than buying a house, but the reality is that finding financing can be much more challenging than you can imagine. These loans come with their own set of terms, and are often so complex that even the most knowledgeable loan officers don’t understand them. If you’re a first-time buyer, there are a host of issues that can blindside you, making paying for your dream home seem daunting. And if your potential purchase doesn’t meet your lender’s stringent guidelines, then you’ll pay a higher interest rate, perhaps put more money down . . . or not get financing at all.
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 you crucial advice, including information on developer financing, specialty loans, refinance loans, ways to streamline the approval process, appraisals, and closing costs.
This easy-to-understand guidebook explains: the key differences between condos, co-ops, and townhouses • how to find the right type of property for you • the rules governing loans for condos, co-ops, and townhouses • how to evaluate which loan type is best for you and lock in the lowest rate • why the percentage of owner-occupied units is important • what to look for when buying from a developer • how to benefit from government programs for condos and townhouses • and much more. Filled with sample monthly payment schedules and an invaluable glossary of terms, this book will help you find the home of your dreams, at a price you can afford.
David Reed is the author of several books including Mortgages 101, Mortgage Confidential, The Real Estate Investor’s Guide to Financing, and An Insider’s Guide to Refinancing Your Mortgage. As a senior loan officer, he has closed more than 2,000 mortgage loans. He is a columnist for Realty Times.
Reminder: Monday through Friday, beginning October 10, we will be giving away one copy to each of the first five commenters on each real estate book giveaway blog post. The posts will go up at 6:00 am ET and you have 24 hours to comment.
Post your comment below to win one of 5 copies of Financing Your Condo, Co-Op, or Townhouse!