Cohousing-L Mailing List: Re: Mortgages

[Thomas Lofft (tlofft]

Subject: [C-L]_ Mortgages

John Goldberg wrote:
I am planning to move from one unit to another in our coho community would like 
to know about cohousers good and bad experiences with lenders, and who those 
lenders are. 

Thank you,

John Goldberg\
Without question, John, the best experiences to explore are those within your 
own community. Only the units within your community will show you how lenders 
are reacting to the marketability, values, conditions, of homes within your 
community.Any appraiser selected by any lender for refinancing or purchase of a 
home within your community will look first at the sale history of units within 
your own community.Ask all your neighbors when, how and with whom they 
financed/refinanced their present home, how long it took, whether the lender 
honored all its representations, whether or not they were satisfied, and would 
recommend it to any of their neighbors. Hope you are on speaking terms with 
most of them.Cheers,Tom Lofft\