"To Condo or Not to Condo". That Should Be the Question ...
By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
"To Condo or Not to Condo" That Should Be the Question ... As a Chicago-area Mortgage Lender, I never try to influence a Buyer as to the type of property they should or should not buy. That's their personal choice ... and not my place. But as their Mortgage Lender and Advisor, I DO try to educate them regarding different property types and the pros and cons associated with each as it pertains to their upcoming mortgage process. Why? Because there are some fundamental differences in how differing property types flow through that process. There can also be some differences in costs incurred while moving forward, as well. When I talk of "differing property types", what exactly do I mean? Here's my simple explanations: Single-Family Residence Detached: No com...
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