Quintessential Mortgage Group has great offerings for those looking to invest in a co-op. Buying a co-op as an investment property can require a significant amount of financing, and as a mortgage lender, we seek to provide the most competitive rates and reasonable terms. However, co-ops are not the easiest properties to finance, especially those that carry the label investment property. Therefore, you need a mortgage company that will find the financing needed to purchase or refinance a cooperative.
Many brokers claim to understand how cooperatives work, but they don’t understand how the legal complexity behind a co-op affects your ability to purchase or refinance a co-op. Some advantages we offer include:
Many mortgage companies require you to put a large down payment on any type of co-op purchase financing. Competitors may require more than 40% of the sales price as a down payment for a cooperative. Quintessential Mortgage Group can help you finance what you need with a down payment as low as 35%. Contact our team of skilled loan experts today to learn more.
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