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Shoveling Got You Down? Time to Buy a Condo?

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Enough already! Let someone else clear away the snow! There's more snow on the way tomorrow. I'm thinking about a condo myself!

Just a bit of advice...getting financing for a condo is quite a different experience. Unless you plan on buying with cash, there are a few things you should know. The New York Times ran an article recently about stricter lending guidelines for condominiums. Although the article refers to a few New York neighborhoods and Connecticut lenders, the rules apply nationally and I thought the writer did a good job of delivering the facts. Here on the North Shore we face identical challenges. If you are thinking about buying a condo, consider working with one of our preferred lenders. Their lending expertise combined with our extensive experience with numerous condominium complexes, particularly in Essex County, will help point you in the right direction. Don't fall in love with a complex that won't work for you. Be an educated buyer BEFORE you start shopping.

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