The condominium is a great type of property. It provides the joy of ownership with minimum amount of maintenance, but it is also a type of property that strikes a bit trepidation into the heart of lenders. Think of it as the difference between running the 100-meter hurdles versus a simple 100-meter dash. You get to the end of both races, but one definitely has more complexities.
Showing posts with label loan approval. Show all posts
Showing posts with label loan approval. Show all posts
Tuesday, July 13, 2010
Tuesday, June 29, 2010
5 Things You Don’t Know About Your Income When Buying Chicago Real Estate
As a lender, it is always interesting to hear the answer the income question. Not that my clients are in any way intentionally misrepresenting their compensation, the fraudulent borrower is actually rare. It is more a reflection of the chasm between what a client perceives their income to be and the figure that an underwriter uses.
Read More
Read More
Subscribe to:
Comments (Atom)