Condo Basic's & How to NOT Kill a Deal

Description

🏢 LMCU Presents: Condo Basics & How to NOT Kill a Deal 2-Part Realtor Education Series Join LMCU for an exclusive two-part Realtor education series designed to strengthen your knowledge, sharpen your lending awareness, and help you close deals with confidence. Part 1: Condo Basics Understand the key differences between warrantable and non-warrantable condos — and why that distinction is critical when it comes to financing. This session covers ongoing agency updates, HOA challenges, and resort condo guidelines, with clear explanations of how these factors affect loan eligibility and approvals. Learn what makes a condo project eligible, how to identify potential roadblocks early, and see real-world examples of how LMCU helps agents navigate the condo financing process with ease. Part 2: How to NOT Kill a Deal Discover what can derail a mortgage transaction — and how to prevent it before it happens. This open, interactive discussion from the lender’s side will walk you through purchase agreements, inspections, asset types, escrow holdbacks, and property inspection waivers. You’ll learn how to spot red flags, manage client expectations, and partner with your lender to keep deals on track from contract to close. 🥗 Lunch will be provided! Enjoy a complimentary lunch while networking and learning from LMCU’s experienced mortgage professionals. 📍 Presented by: Lake Michigan Credit Union (LMCU) 🎯 Ideal for: REALTORS® who want to better understand condo financing and strengthen their deal-saving skills