What inspections are typically required before a certificate of occupancy is issued?
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what is an interest only mortgage Informational
- Under what circumstances might an interest-only mortgage be a more suitable choice than renting or a rent-to-own agreement? What are the potential risks of using an interest-only mortgage to speculate on short-term fluctuations in property values ("flipping")?
- How are property taxes calculated and when can they be challenged? What are the potential risks of using an interest-only mortgage to finance a property with a history of frequent flooding or other water damage?
- How does an interest-only mortgage affect equity building? What are the exit strategies for an interest-only mortgage borrower?
- How can these borrowers plan for periods of lower income?
- How can heirs avoid potential complications related to an interest-only mortgage? What are the potential benefits of using an interest-only mortgage to finance the purchase of a fixer-upper property with the intention of increasing its value through renovations?
- How does the disbursement of funds work with an interest-only construction loan? How are interest-only mortgages used in property development?
- What alternative financing options might be available for short-term financial needs? How do interest-only mortgages compare to other types of non-traditional mortgages?
- How does the rental market affect the attractiveness of using an interest-only mortgage for investment properties?
- What are the implications of making extra principal payments during the interest-only period (if allowed)? Can there be prepayment penalties on interest-only mortgages?
- What factors can affect the profitability of rental properties?
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