Posts

Financing a Condotel Loan (It’s Easier Than You Might Think)

If you’re having trouble getting a condotel loan or financing a luxury condominium, you’re not alone. Many property owners and investors are looking to diversify their portfolios while rates are still low. But conventional guideline restrictions on condotels and non-warrantable condos have made it a little more challenging to apply and get approved. Well-qualified borrowers […]

Why Do Lenders Sell Loans?

It can be somewhat surprising, especially for those who have just purchased their very first home, to discover the mortgage they recently got has been sold by their lender to someone else. The mortgage industry refers to this as a “goodbye letter” which, required by regulation, informs the borrowers their loan was sold and when […]