Updated almost 10 years ago on .
Refinancing hit a snag at the end?!
Was going through a refi on a condo and nearly right at the end I was told I could not refi due to the fact that my condo was part of a community that was a mix between apartments and condominium's and that due to the "shared" amenity areas (pool, gym, clubhouse, etc.) that I would not be able to secure a loan. This is odd because I obviously secured a loan when I initially moved into the area and there are other condo's that are being sold and have been sold recently.
Has anyone heard of this "rule" in the past and are aware of any avenues for circumventing it in order to take advantage of newer/lower rates in SoCal?!