By Michele Lerner - Special to The Washington Times Shares
"Mortgage insurance companies are often more restrictive than mortgage companies on condo lending, but it varies from one company to another," Mr. Clark said. "However, many of them limit the number of investors to 30 percent of all owners."
"Condo buyers should call a lender to get prequalified for a loan and to discuss the options for condo financing," Mr. Clark said. "Work with a lender who has experience with condo financing and try to get as much information as you can about the condo before you make an offer."