Alternative Mortgage Programs 2011

Feb. 15, 2011 - PRLog -- An ageing population necessitates loan programs to accommodate those who are retired or whose income derives from non-salaried sources.  A Reverse mortgage can be a useful tool for clients who have equity in their properties but who cannot qualify by showing much monthly income.  Contact us for information on these loans that do not require monthly payments and can actually provide additional monthly income for people in their retirement years.

Also, have you ever considered purchasing something that requires less up-keep than a condo in a vacation area that can also be used as a rental when you're not using it?  Consider the following.

Condotels: a hybrid between a hotel room and a condo.  Condotels are units that people can purchase in a building that is run by an on-site management company, like a hotel.  The individual units can be rented out, or the owner can stay in and use the property as desired.  Since 2008, most lenders pulled out of the market for lending on condotels.  But we work with a lender that still will finance them.  Contact us for more details.