An advantage of co-op ownership is that it makes it easier to obtain a mortgage.

Name: An advantage of co-op ownership is that it makes it easier to obtain a mortgage.
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Co-op ownership can actually make it more difficult to obtain a mortgage because lenders often view co-ops as higher risk investments than other types of real estate. This is because co-op ownership structures may limit the resale value of a unit and require approval from a co-op board before a sale can be completed.

An Advantage of Co-Op Ownership Is That It Makes It