Welcome to our new monthly series Learning With A Lender!
Each month Guaranteed Rate Vice President Joel Schaub discusses anything and everything related to lending. Joel is in the top 1/10th of 1% in loan production at his company, and his insights on what brokers and consumers need to know about mortgages is incredible. In this episode Joel discusses changes in Fannie Mae that allows for condo buildings with commercial space easier access to lending. Also, condos where the buyer is putting down more 25% are no longer subject to 50% rent caps. Last, Joel mentions that buildings under litigation are okay, as long as it not the association that is being sued.