Mortgage Program for Non-Warrentable Condos

Nowadays, it is nearly impossible to obtain a home loan for a non-warrantable condo. The reason: those loans cannot be sold to Fannie Mae or Freddie Mac. Due to the higher risk, most lenders will not consider these loan scenarios. Tidewater Home Funding has an investor (bank) with a mortgage product for non-warrantable condos with competitive prices.Here Read more about Mortgage Program for Non-Warrentable Condos[…]

Now Might be the Right Time for a Second Home

What Happened? This week, Jann Swanson of Mortgage News Daily wrote an in-depth report on how the second home market continues to rebound from the housing downturn. People often view a second home as a smart investment, especially when rates are favorable like now. Swanson: “While most mortgages are still originated to purchase or refinance Read more about Now Might be the Right Time for a Second Home[…]