This is the fun part. Now we can talk a little about your new home. For starters, the home you purchase must be:
- A residential property (someplace to live)
- Structurally sound (we’ll talk about home inspections later)
- Worth what you are paying for it (what appraisals are for)
Just so you know: we mortgage lenders love to lend on single family homes. We like condos and even an occasional two-family property. We also finance three- and four-family properties, but a lot of the rules are different with respect to cash and credit.
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