We are happy to report that Fannie Mae has created a new online tool to help associations become aware of their “Fannie Mae” eligibility status. Being “Fannie Mae Qualified” is important, as it allows individual consumers to get the most attractive mortgage terms (rates).
What is Your HOA Reserve Fund Strength? (Calculate If Your Budget Is Enough)
How do you know if your reserve fund is enough? Are you prepared for major repairs? Today we’ll give your HOA board the tools you need to assess your HOA reserve fund strength and make informed decisions.
Board members and managers sometimes ask us how to effectively communicate the results of their Reserve Study to homeowners, or how to “sell” the value of a Reserve Study to their homeowner members. So please see the template “open letter” we’ve created for you below.
HOA Reserve Studies: What Happens & Why You Need Them
Reserve studies are a crucial tool that help HOAs plan effectively and avoid financial burdens. We’ll show you the true purpose of a HOA reserve study, how to overcome objections from other board members, and how to get one in the first place.
