Participation Financing

Is participation financing like a participation trophy that you get just for trying? Definitely not! Participation financing is a financing arrangement in which two or more lenders or investors share in funding a mortgage loan and participate in the loan’s...

Forbearance

Forbearance is a temporary agreement between a lender and a borrower that allows the borrower to reduce, suspend, or postpone some or all mortgage payments for a limited period when they are experiencing financial hardship. Forbearance does not eliminate the amount...

Two-Step Mortgage

Is a two-step mortgage is a type old-timey home loan dance? Well… it depends on how you define “dance.” Unfortunately, this mortgage doesn’t involve a lot of joyous dancing, though after it’s paid off, there may be dancing-related...

Condominium Conversion

What is a condominium conversion? Does this mean you can convert a condominium into whatever you want? It sure doesn’t! Condominium conversion refers to the process of changing an existing building, such as an apartment complex, hotel, or other multi-unit...

Condominium Parking Tandem

What is “Condominium parking tandem” in a real estate listing? Is this some kind of tandem bicycle parking? Nope! This refers to a parking arrangement in which two or more vehicles are parked one behind the other in the same parking space or parking area....