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December 26th, 2013

5. How to buy and finance apartment buildings

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Real Estate Market-MoneyNumber five on our list of the top-10 articles for 2013 is “How to buy and finance apartment buildings.”

During 2013, real estate investors took advantage of low home prices and snatched up a large portion of the available housing inventory. That mad rush would explain the popularity of our older article “How to buy and finance apartment buildings.”

Another reason for the popularity of this article is that HSH.com hasn’t written much about investment purchases. While we tend to focus on consumers buying or refinancing single-family homes, we learned there was clearly a demand for investment-purchase content.

Excerpt:

Apartment mortgages bear little resemblance to the loans people take out when buying houses. Properties with more than four units are considered commercial properties and come with their own funding and underwriting rules. Fannie Mae supplies much of the financing for apartment buildings, condominium complexes and cooperatives through a nationwide network of Delegated Underwriting and Servicing (DUS?) and other mortgage lenders.

Here’s what you need to know before you buy an apartment building …

Be sure to read “How to buy and finance apartment buildings” in its entirety.

Previous:

10: Buying a new home when you haven’t sold the old one

9: Prepaid items vs. closing costs—what’s the difference?

8: A home improvement loan with no home equity?

7. What documents will I need to apply for a mortgage?

6. How mortgage insurance works

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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