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Financing

Started by emmitt
about 17 years ago
Posts: 51
Member since: May 2007
Discussion about
I looked at an apartment in a condo (Dorchester Towers) that is only about 50% owner occupied (the sponsor owns and rents the remaining units). If I try to get a mortgage on the unit will there be a price premium on the mortgage, ie a higher rate on the mortgage, due to the number of sponsor owned apartments? If so can anyone give me a ballpark figure for how big of a premium?
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