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Robert Chomentowski
"Home Financing Expert"
- 52 Helpful Answers
- 338 Answers
- 27 Blog posts
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Specialties:
-Arranging mortgage financing for First Time Home Buyers
-Down payment assistance and Grant programs for First Time Home Buyers in San Diego County ... show more
-Down payment assistance and Grant programs for First Time Home Buyers in San Diego County ... show more
Interests:
-Hiking, camping, canoeing, mountain biking
-Golf, basketball ... show more
-Golf, basketball ... show more
About:
I'm a Sr. Loan Officer in San Diego California and I lend in ALL 50 states.
Some of my specialities include: ... show more
Some of my specialities include: ... show more
Robert Chomentowski answered:
I'd like to add that often you can find a condo you can afford in nicer areas with good schools and good location, where a house in that same area would be completely out of reach. And the only affordable houses are in run down neighborhoods.
A major problem with condo's now is financing. If the project has <51% owner occupancy and or other HOA issues it can be virtually impossible to get a loan. This could depress future values and is somewhat out of your control.
A major problem with condo's now is financing. If the project has <51% owner occupancy and or other HOA issues it can be virtually impossible to get a loan. This could depress future values and is somewhat out of your control.
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