Is My Mortgage Worth More Than a Hole in the Ground?

June 4, 2014 — “How do I get a mortgage in a condo that’s being developed? Is it any different from buying an apartment that's already built?” That’s the question asked of Brick Underground’s “Ask An Expert” column. Real estate broker Gordon Roberts of Warburg Realty says it’s unlikely you’ll get a mortgage before the building is “completed enough to earn a temporary certificate of occupancy from the Department of Buildings.” However, a Corcoran broker says that developers are now working with “preferred lenders” to line up financing in advance and make the process easier on buyers.