| The Lobby • What is a Family Opportunity Mortgage? |
| 04.12.2024, 12:37 - accountingbyte - Rank 1 - 2 Posts
A Family Opportunity Mortgage is a particular type of mortgage which assists families to acquire houses that are suitable for elderly parents or to provide care for their disabled children. Unlike other investment property loans, this programme gives preferred conditions due to the fact that the purchased home is considered as owner occupancy property even through the user will not be living in it. This means one can borrow at lower interest rates and with little down payment than when borrowing for investment properties. As it is said, the program is well-suited for families that need to support their loved ones and afford both a constant place to live in and an affordable mortgage, simultaneously. It is only offered through lenders who participate in Fannie Mae or Freddie Mac companies. Visit us: https://accountingbyte...ily-opportunity-mortgage/ |