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2. How does a condo mortgage work? - AOL

   www.aol.com/finance/does-condo-mortgage...

   To get approved for a condo mortgage, you’ll need a lender to approve both you and the entire condominium project. ... Higher interest rates. You should know that loans for condos usually come ...

3. Condominium - Wikipedia

   en.wikipedia.org/wiki/Condominium

   A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners.

4. Mortgage rate locks: What they are, how they work — and why ...

   www.aol.com/finance/what-is-mortgage-rate-lock...

   A mortgage rate lock is a guarantee from your lender that your interest rate won't change for a set period of time — often 30 to 60 days or longer. Also called a lock-in, it allows you to do ...

5. Housing cooperative - Wikipedia

   en.wikipedia.org/wiki/Housing_cooperative

   In many ways market rate is thus similar financially to owning a condominium, with the difference being that often the co-op may carry a mortgage, resulting in a much higher monthly fee paid to the co-op than would be so in a condominium. The purchase price of a comparable unit in the co-op is typically much lower, however.

6. How much does a 1% change in mortgage rates actually ... - AOL

   www.aol.com/finance/how-much-does-1-percent...

   Finally, there's good news for homebuyers and for homeowners who want to refinance their mortgages: The 30-year fixed mortgage rate now averages 6.73%, dropping significantly from its 20-year peak ...

7. Common-interest development - Wikipedia

   en.wikipedia.org/wiki/Common-interest_development

   For example, an owner would like to have a pool but cannot afford one. When buying a condominium with a pool in a CID of one hundred units, an owner would have use of that pool for basically one-hundredth of the cost due to sharing the cost with the other 99 owners. [5] Timeshare, or vacation ownership, is the same concept. Buying a second home ...

8. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   When comparing mortgage offers, it’s important to consider the loan type, loan term, interest rate and the total associated fees. Taking out a mortgage is the biggest financial obligation most ...

9. Fixed-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Fixed-rate_mortgage

   A fixed-rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float". As a result, payment amounts and the duration of the loan are fixed and the person who is responsible for paying back the loan benefits from a ...