614 Real Estate Nerds
Shannon Grimm & Partners with Howard Hanna Real Estate Services discusses all things real estate related. Everything from New Construction, Mortgages, First Time Buyer Programs, Home Warranties and much more. We are located in Central Ohio, but we like to think our information is good for everyone. Message us is you have any suggestions @shannongrimmrealtor
614 Real Estate Nerds
Episode 107 || Condo Financing Changes Every Buyer Needs to Know with Brian Hitchcock
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In this episode Shannon Grimm, Mike Stanley, and condo financing specialist Brian Hitchcock break down the major changes coming to condo lending and what they mean for buyers, sellers, investors, and condo associations.
If you've ever heard terms like warrantable condo, non-warrantable condo, portfolio loan, and wondered what they actually mean, this episode explains it in plain English.
Brian discusses why so many condo deals run into financing issues, how specialized condo lenders can help save transactions, and the upcoming rule changes that could affect condo buyers throughout Central Ohio and beyond.
Topics Covered:
✔️ Warrantable vs. non-warrantable condos
✔️ Portfolio loans explained
✔️ Why condo financing often falls apart late in the process
✔️ Upcoming Fannie Mae and Freddie Mac changes
✔️ New reserve requirements for condo associations
✔️ How condo associations can prepare now
✔️ Common mistakes buyers and agents make when purchasing condos
✔️ Why condo expertise matters when choosing a lender
Whether you're buying your first condo, investing in real estate, serving on a condo board, or working in the real estate industry, this episode contains valuable information that could save you time, money, and frustration.
Brian Hitchcock's Contact Information:
- 614-260-5537
- www.6142605537.com