Is your condominium "Fannie Mae" approved? (Federal National Mortgage Form #1028)

If the above answer is no (most condo's in Hoboken and Jersey City, NJ are not also most condominium conversions in Tucson, AZ are not):

	How many units are there in your condominium association?
	How many units are owner occupied?
	How many units are rented?
	How long have the homeowners been in control of the association?
	Are all units and common areas complete?
	What is the amount of insurance coverage held by the association?
	Is there any pending legal action in which the association is involved?

If a lender does not ask the above questions, they are inexperienced and ill equipped to handle your condominium financing. You may encounter changes in program, rate and closing date when the loan goes to underwriting and these questions are asked by the underwriter.

Do not take chances! Paone Mortgage has all of the resources you need in order to steer clear of surprises. We have computer access to all lender underwriting and condominium guidelines. We can tell you upfront which lenders will and will not be able to finance your condominium. Better yet, we can offer wholesale rates from the lender of your choice.

Better Service - No Surprises - Lower Rates

Paone Mortgage is the choice for smart shoppers!