EPISODE · Oct 19, 2023 · 5 MIN
What you need to know about Condos when getting a mortgage
from Buying Florida · host Didier Malagies
Putting down 25% on a primary and 30% down on second and Investment properties is called a limited review. When you put less down then there is a full review if the project is not already approved.You need to see the approved budget. if the reserves are less than 10%, no dealalso reviewed the insurance policy and the sinkhole coverage was 10% when it needs to be 5%. It is important to do your homework before paying for home inspections and appraisals, the condo review team really does its job in the end, and better to be prepared beforehand. If you need me to review your budget let me knowTune in and learn more at https://www.ddamortgage.com/blogDidier Malagies nmls212566DDA Mortgage nmls324329 Support the show
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Putting down 25% on a primary and 30% down on second and Investment properties is called a limited review. When you put less down then there is a full review if the project is not already approved. You need to see the approved budget. if the reserves are less than 10%, no deal also reviewed the insurance policy and the sinkhole coverage was 10% when it needs to be 5%. It is important to do your homework before paying for home inspections and appraisals, the condo review team really does its ...
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What you need to know about Condos when getting a mortgage
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