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Kate O'Mara
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4H Leader
Bella Vista Library Board Member ... show more
Bella Vista Library Board Member ... show more
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Helping people sell or purchase a home is what makes being a REALTOR so exciting, every day is different.
I use the tools provided by CENTURY 21 and ... show more
I use the tools provided by CENTURY 21 and ... show more
Kate O'Mara answered:
What a great way to increase your real estate holdings!
Bella Vista, Arkansas is considered a resort or retirement community. There are many options for buyers who wish to own townhouse properties. Because the community is unique, rental properties, are available to rent on weekly/vacation, as well as long term leases. Having a long-term lease/rental commitment on your house would offer the lender added comfort that you are not becoming over-extended with the purchase of the condo.
Different lenders have different requirements. Seek out an independent mortgage advisor to help you find the right lender for you. There are private lenders who would find your situation acceptable.
Bella Vista, Arkansas is considered a resort or retirement community. There are many options for buyers who wish to own townhouse properties. Because the community is unique, rental properties, are available to rent on weekly/vacation, as well as long term leases. Having a long-term lease/rental commitment on your house would offer the lender added comfort that you are not becoming over-extended with the purchase of the condo.
Different lenders have different requirements. Seek out an independent mortgage advisor to help you find the right lender for you. There are private lenders who would find your situation acceptable.
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