Many people think that a condominium and townhouse can be classified as the same thing or that they are classified according to the type of structure. This is far from the truth; there are many differences between the two.
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Purchasing a home can be a perplexing process; there are so many different people you have to deal with during the transaction, from a real estate agent to a title company to a lender. When it comes to choosing a lender, a buyer also has the question of whether they want to go with a mortgage banker, mortgage broker, or a bank. You might be asking yourself, “What is the difference?” Understanding the difference could be the key to saving thousands of dollars when you are purchasing a home. Continue reading Understanding the Difference between a Mortgage Banker, Mortgage Broker, and a Bank →