There will come a time when you will need to refinance your condo, either because rates have dropped or you need to pull equity out. Unfortunately, condo buildings have started to be deemed non-warrantable for several reasons.
. Too much investor concentration
. New Construction condo – First Unit closing
. Single Entity wons more than 10%
. Litigation in the project
These are just a few reasons that can potentially deem a condo building non-warrantable. We know how to finance these types of condos. As a non-QM Mortgage specialist, we can overcome any situation. That is why we have become a preferred company that handles creative financing.
Rates will drop. Contact us and see what we can offer when refinancing your non-warrantable condo.
