Table of contents: What is a homeowners association? How much are HOA fees? What is an assessment? HOA rules: What to expect What are CC&Rs? Common restrictive covenants When to review your CC&Rs Can you change restrictive covenants? What happens if you violate HOA rules or can’t pay your HOA fees? Pros and cons of an […]
Condo Buyers Will Soon Have an Easier Time Scoring a Mortgage
Buyers are about to have an easier time scoring a mortgage to purchase a condo. A new policy announced this week should significantly expand the number of individual condo units as well as condo developments eligible for Federal Housing Administration financing. The government-backed mortgages are popular with first-time buyers because they require as little as 3.5% […]
What Is a Duplex? Potentially, 2 Homes for the Price of 1
What is a duplex? Homes come in many shapes and configurations, and one type that’s popular with extended families or budding landlords is a duplex. It’s not just one home, but two. The units or apartments may be stacked one atop the other on separate floors, or they may be side by side with a […]
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