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This blog will cover what a condotel is and how condominium mortgages work. Condominium mortgages is a non-conforming portfolio loan. Condotels are classified as non-warrantable condos. A condotel unit is a private condominium unit inside a hotel that an individual and entity owns. Condotel Units, also known as Condo-Hotel, have been very popular from the…
This Article Is About Condo Hotel Mortgage Loans Condotel or condo-hotel units are condominiums in a hotel or a rental condominium complex with a front desk. A percentage of the condominium units in a hotel complex are dedicated to private ownership. Condotel owners can use their condominium units as primary homes, second homes, or investment…
This guide will cover buying a single-family home in the Virgin Islands. Many American and foreign real estate investors are eyeing the U.S. Virgin Islands to invest. We will discuss factors to consider buying a house in the Virgin Islands. Buying a house is an exciting and significant decision, especially when investing in the captivating…
This guide will cover the steps in buying a condo in Puerto Rico and the type of mortgage options available for mortgage borrowers. We will discuss tips and considerations for buying a condo in Puerto Rico. Many Americans from other countries buy Puerto Rico condos, vacation homes, and investment properties. Buying a condo in Puerto…
This article will cover condotel loan programs and non-warrantable condo guidelines. Non-Warrantable and Condotel loan programs have been dormant for the past several years but have now come back. Condotel loan programs and non-warrantable condo mortgages are among today’s most popular and fastest-growing mortgage programs. Condo Condotel unit sales are soaring nationwide, especially in Colorado,…