Embed this infographic on your site:
About The Infographic
It’s more difficult to qualify for a Condo Mortgage than a single family home, because there’s an additional element to the mortgage process when it comes to financing a condo.
Like single family homes, when applying for a mortgage, the borrower (credit history, income, assets, etc.) and property (value, stability, safety, etc.) are evaluated by the lender. But with a condo, the condo project is also evaluated.
There are a number of advantages to living in a condominium, and many people choose to live in condos rather than single family homes.
As a result, we’ve created an infographic to show the particulars of qualifying for a condo mortgage. And we created a blog that explains condo mortgages: What You Should Know About Condo Mortgages.
If the infographic is helpful, please share it on social media using the icons below, and embed it on your website using the embed code above.