DON’T LOOK WHERE YOU DON’T WANT TO GO Are you familiar with the idea that we tend to attract more of what we focus on? Here’s a great story that perfectly illustrates this concept.
Are You Looking To Purchase A Condo For Your Clemson Student
The following guidelines apply:
o Child must be enrolled in college (documentation validating current enrollment is required)
o Subject property must be within a reasonable proximity to the university that the child is attending
o Property must be a reasonable distance from the parent’s home in order to be classified as a true second home. The subject property can provide the parents a place to stay while visiting the campus, but it will be the child’s primary residence
o Property cannot be rented and it must be occupied by the child for a minimum of one year
o Borrowers may not own additional second/vacation homes in the same locale
o A letter from the borrower describing the purpose is required
o Property must be registered, underwritten and priced as a second/vacation home
o Parents will apply and qualify for the loan. The child is not an applicant and does not factor into the qualifying for the mortgage
o Parents own the property. If the child is of legal age, the child may join the parents on the title, but it is not required
Information provided by:
Sue Ann Gothman,
Senior Mortgage Banker
Bank South Mortgage
EMail: [email protected]
Lori is an accredited Interior Decorator (since 2007) and also brings 25 years of training/facilitation experience to the table. With the combination of these services, she can transition your home t....
Latest Blog Posts
5 Disasters That Always Leave New Homeowners CluelessLike what to do when a tree falls. Read Visit houselogic.com for more articles like this.