Investment Mortgage Guy

Lending sources continue to tighten guidelines throughout 2008 on investment property financing. Wall Street investors that lend money to create mortgage backed securities on the secondary market provide mortgages for individuals to invest in real estate are sitting on the sidelines. Only two companies are left lending right now –  Fannie Mae and Freddie Mac. Recently both companies have [...]

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I have been helping investors with their rehab financing on investment property for over 10 years. During this time, I’ve seen the banks both ease their underwriting guidelines and get very strict on what kinds of loans are acceptable to them. In our current market, local banks are more conservative than ever on what kind of [...]

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I believe mortgage rates are likely to rise above 7% on a 30 year fixed over the next 12 months or as high as 7.75% on investment property. There are several factors to support my position.  First of all, there is an increasing concern about inflation. Inflation causes rates to rise as the cost to [...]

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