how does a condo work

The Basics of What It Means to Buy a Condo or Co-op. – But, there are differences between the two, particularly when it comes to what a condo owner and co-op owner actually "owns." If you’re thinking of buying a condo or co-op, you’ll want to learn more about what they are and how they work. Both can be good alternatives to buying a single-family home, due to the shared amenities and low maintenance.

In the United States, condos became popular as a more reasonable way to buy a little piece of paradise in places like Florida and Hawaii. If you want to relax at the beach, but cringe at the thought of buying a pricey house down in the sunshine state, condos offer a somewhat less expensive alternative.

how does a home equity line work How does a home equity line of credit work? | Yahoo Answers – A home equity loan gives you all the money at once and an installment loan shows up on your credit for the 40 grand. It is treated similar to Mortgages for credit score purposes (good). A home equity line of credit loans you the money only as you need it so only the amount that you’ve actually used shows up on your credit report.

Pros & Cons of Buying a Condo – Is It Worth It? – Buying a condo can be a great option, whether you’re just starting a family or escaping empty nest syndrome.However, condo living isn’t for everyone. There are some important questions to ask before you buy a condo and just as many downsides as there are benefits. Let’s look at the pros and cons of condo life.

4 Money Misconceptions About Condominiums . FACEBOOK TWITTER. When you buy a unit in a condominium, you do become a homeowner and gain access to most of the rights that come along with buying a.

mobile home financing for poor credit An auto equity loan is similar to a home equity loan, but you use the value of your vehicle. which offer secured loans below 36% to car owners with poor credit scores, generally below 630. long is a mortgage approval good for How long does a mortgage pre-approval last? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

Buying a condominium has both advantages and challenges. Here’s what to notice: What are the hot issues for this complex? How big is the condominium’s reserve fund?How does management deal with.

buying a house with your parents Parents want to purchase a home in my name – – The only real risk I see is if your parents stop being able to pay the mortgage and you’re now on the hook for payments. In which case I guess you can rent the house out and make sure your parents are aware that they might get the boot if they don’t pay on time. Make sure you are aware of.

Buying A Condo Is Not Like Buying A House – Mortgage News Daily – Condos can offer early entry to homeownership or a welcome lifestyle for those seeking to kick back and relax. but there are a lot of issues that are unique to this type of purchase. Buying A.

How do Timeshares Work – Why Buy or Rent A Timeshare – How do Timeshares Work. Timeshare owners purchase the use of time in a resort unit and, along with the other owners of that resort, are able to vacation in locations with luxury accommodation for a fraction of the overall cost. It’s the same concept as owning a vacation home but only paying for the time that you would actually stay in that home,

Advantages of condos: Condos can offer nice amenities. "Depending on where you buy, a condo can give you access to amenities like pools, gyms, and rooftop bars," says Colella. If you live in a freestanding home, on the other hand, you might pay more for these amenities or drive to get to them.

can i refinance my house and take money out hard money loan down payment Hard Money Loans – private money lending :: CIVIC. – 2 year. 8.5-10.5% *pre-payment reduced to 8 Months *Interest Only payments for 24 month term with balloon payment due at end of term.The loan has a minimum period of 8 months interest payments. A two-year term gives you the flexibility to fix & flip, buy & hold, engage in an extended rehab, or even qualify for a conforming loan down the road.