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Key takeaways. A condo is a single unit within a multiple-unit property, typically an apartment building or townhomes. The purchase price of a condo is usually less than a single-family home ...
The requirements for a vacation home mortgage vary, depending on the type of loan you have and the condo you buy. For example, you cannot use VA loans or FHA mortgages for vacation homes. You also ...
Condos can be a smart investment for first-time homebuyers, vacation homeowners and rental property investors. The decision to invest in a condo depends on many factors, including how you intend ...
Hunter's Key – Tampa, Florida. Key Colony – condominium. Mandarin Oriental, Atlanta. Metropolis Condominium, a 21-story twin-tower condominium in Atlanta, Georgia with 498 condominiums atop 40,000 sq ft of retail and dining space. The Mercer West Tower. Oceanwide Center. One Lincoln Park – Denver, Colorado.
v. t. e. A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed ...
Discount points. Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate.
Here are 10 crucial questions to ask both yourself and others when buying a house. 1. What’s my total budget? Don’t waste your time looking at houses without first understanding how much house ...
Condominium conversion. In real estate, a condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individually sold units as condominiums.
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