Financing Your Condo, Co-op, or Townhouse

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 townhouses • how to find the right type of property for them • the rules governing loans for condos, co-ops and townhouses • how to evaluate which loan type is best and lock in the lowest rate • why the percentage of owner-occupied units is important • what to consider when buying new construction or conversion properties • the financial considerations unique to each type of home Whatever the property, whatever the question…this handy guide to financing has the answers.

David Reed (Austin, TX) is the author of several books including Mortgages 101(978-0-8144-0166-8), Mortgage Confidential (0-8144-7369-6), The Real Estate Investor’s Guide to Financing (978-0-8144-8061-8), and An Insider’s Guide to Refinancing Your Mortgage (978-0-8144-0935-0). As a senior loan officer, he has closed more than 2,000 mortgage loans. He is a columnist for Realty Times and a contributing editor and columnist for Mortgage Originator magazine