Product Insight

Banks are now making loans against non-warrantable condos and condotels. But you won't get approved with The Big Banks if you try -- you've got to look local instead. Here's how to do it.

Banks are now making loans against non-warrantable condos and condotels. But you won't get approved with The Big Banks if you try -- you've got to look local instead. Here's how to do it.

Banks are now making loans against non-warrantable condos and condotels. But you won't get approved with The Big Banks if you try -- you've got to look local instead. Here's how to do it.

Banks are now making loans against non-warrantable condos and condotels. But you won't get approved with The Big Banks if you try -- you've got to look local instead. Here's how to do it.

Starting next week, Fannie Mae is putting major restrictions on the popular "interest only" loan product. This follows Freddie Mac's earlier announcement to discontinue interest only loans entirely.

Small banks and investment vehicles re-opened the market for non-warrantable and condotel mortgages. Rates run about a half-percent higher than a comparable conventional mortgages and the minimum downpayment starts at 25 percent.

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