A condominium allows a specific area of real estate to be owned, such as a unit in a multi-unit building with common areas which are owned jointly with the other condominium unit owners as defined in the Master Deed. Condos are typically found in populated city centers, resort locations like Myrtle Beach, or other urban [...]
Condotel and Non-Warrantable Condo Loans are Available
February 8, 2012 by Leave a Comment
Condominiums and condotels have a lot of appeal in Myrtle Beach, from vacationers looking for a “second” home, to baby boomers wanting to downsize, and real estate investors looking for a good investment. In the last few years, new lending rules have changed the lending process for homes in general, and for condominiums in particular. The primary reason is the [...]
