Posted on: 30th Nov, 2010 01:53 pm
cond rate lower or highjer than house
Hi Guest,
As far as I know, the rate for a condo is technically not higher but there is an added cost for condos which have less than 25% equity. You should contact the local lenders and they will help you in this matter in a better way.
Thanks
As far as I know, the rate for a condo is technically not higher but there is an added cost for condos which have less than 25% equity. You should contact the local lenders and they will help you in this matter in a better way.
Thanks
James is correct. There is a .25 add on to price. Sometimes that is negated if the loan to value is low.
