Posted on: 17th Jun, 2004 01:15 am
Cooperative Mortgage is a type of mortgage, which offers any loans related to a cooperative residential project.
Features of cooperative mortgage are as following:
Features of cooperative mortgage are as following:
- It allows the borrower to buy shares of a co-op.
- It is a custom mortgage product and usually refers to a multifamily mortgage.
- It covers entire cooperative residential project.
- It occasionally describes the share loans on the individual units.
Can you tell which lender's will offer a 30 year fixed mortgage on a cooperative? sharon Hannon [sdhannon@cox.net]