What is the meaning of Warrantable?
capable of being warranted : justifiable
Definition of warrantable : capable of being warranted : justifiable take warrantable action.
Is warrantied a word?
Warrantied definition Simple past tense and past participle of warranty.
What is the meaning of the word prote?
Prote is defined as protein. An example of the prote- prefix is proteome, meaning a set of expressed proteins.
What does non Warrantable mean?
When a condo is labeled as non-warrantable, it means that it does not meet conventional guidelines and will not be bought by government-backed entities like Fannie Mae and Freddie Mac. Many lenders consider financing a mortgage for this type of property to be too risky which can make it harder to finance.
What is a Fannie Mae warrantable condo?
A warrantable condo is one that a homebuyer can finance using a conventional mortgage, after having been approved under a set of guidelines set by government-sponsored enterprises Fannie Mae and Freddie Mac. If you’re looking to buy a condo, making sure it’s “warrantable” can be vital in being able to pay for it.
What does not warranted mean?
Definition of unwarranted : lacking adequate or official support : not warranted : unjustified unwarranted fears an unwarranted intrusion Their criticism is unwarranted. Synonyms & Antonyms More Example Sentences Learn More About unwarranted.
How do you use warranted in a sentence?
It was bad enough that his actions warranted her decision to leave, but now she actually feared him. He was tall and lanky with a huge smile and close-spaced eyes that seemed more soulful than his youthful looks warranted .
Is Crote a word?
No, crote is not in the scrabble dictionary.
What is the synonym of protection?
Some common synonyms of protect are defend, guard, safeguard, and shield. While all these words mean “to keep secure from danger or against attack,” protect implies the use of something (such as a covering) as a bar to the admission or impact of what may attack or injure.
What makes a condominium Warrantable?
Typically, a condo is considered warrantable if: No single entity owns more than 10% of the units in a project, including the developer. At least 51% of the units are owner-occupied. Fewer than 15% of the units are in arrears with their association dues.
What does Fannie Mae Warrantable mean?
Fannie Mae and Freddie Mac use the term “warrantable” to describe condominium projects and properties against which they’ll allow a mortgage. Condo projects and properties which don’t meet Fannie Mae and Freddie Mac warrantability standards are known as non-warrantable.