Financing a Condo – Less is More

When financing a condo purchase, there are multiple layers that an Arizona Mortgage Lender must analyze.  As with any home loan application, the lender must first approve the individual buying the condo based on their employment, income, assets, debts and credit profile.  In addition to approving the buyer, a lender must also take an in-depth look at the condo being purchased along with the HOA that manages it.  This second piece can create quite a wrinkle in the mortgage approval process.  Here … [Read more...]