Kiddie Condo Loan Option Post Divorce

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Kiddie Condo Loan Option Post Divorce KIDDIECONDOLOANS.COM KIDDIECONDOLOANS.COM LENDER HOTLINE: 888-581-5008

Transcript of Kiddie Condo Loan Option Post Divorce

Kiddie Condo LoanOption Post Divorce

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A divorce is an incredibly trying time on an individualand their family members. One of the most painstakinglyparts of the divorce process is dividing up shared assetsand determining future living situations. The kiddiecondo loan will basically allow a blood relative to helpacquire a property by co-signing on the loan. For thoselooking for a way to quickly relocate after a divorce anddon't have the immediate financial independence to doso, the kiddie condo loan might be the right fit.

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Easy to Apply

Very Popular

Designed for Multiple Borrowers

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Easy to Apply

Choosing the right lender is absolutely crucial whenlooking into the possibility of a kiddie condo loan. Thequality and knowledge of your lender can either save orcost you a lot of money down the road. Even though thekiddie condo loan program has been around for quitesome time, after the 2008 housing meltdown, mortgageregulations can change on a moments notice. Having anexperienced lender will make the process of taking out akiddie condo loan much smoother. And always rememberto get a rate quote before doing business with any lender!

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Very Popular

The kiddie condo loan is generally used by collegestudents and their parents when arranging the situationfor students during the school year. This loan programallows for the property owner to also rent out theremaining space so it is a very desirable program for acollege student. That being said, this program is not justfor college students, the only stipulation is that theborrowers on the loan must be blood relatives. And don'tlet the nickname deceive you, this loan can be used onsingle family units as well as condos.

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Designed for Multiple Borrowers

As I previously said, the kiddie condo loan is specificallydesigned to allow blood relatives to co-sign on a singleunit property. And while the kiddie condo loan is a greatoption for college students or recent divorcees, there is aspecific set of guidelines that the borrowers must follow.As I've already said, the major stipulation of the loanprogram is that the borrowers must be blood relativesAND one of the borrowers must actually reside in theproperty. This is specifically put in place to prevent theuse of the kiddie condo loan program for 2nd homes orinvestment properties.

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Explore Your OptionsA divorce is an incredibly difficult every member of afamily, this stress is only increased by financialconsiderations after the divorce is final. If you arelooking for a way to find a property relatively quickly,but may not be ready to be financially independent fromyour partner, the kiddie condo loan can help you achievethose goals. This often overlooked loan program is onethat be a wonderful resource that can help simplify thedivorce process. If anything the kiddie condo loanprogram can help you or your ex-partner get back onthe feet financially by providing a realistic means ofhome ownership.

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