Investment Mortgage Guy

Many investors have contacted me with the drop in interest rates to see if I can help them refinance their investment property. Unfortunately for most, the equity position in their property is too negative for me too help. Fannie Mae however, has implemented a program called DU Refi Plus to try and help the real [...]

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In February 2009, Fannie Mae reversed an earlier October 2008 ruling where they limited the number of properties an investor could have financed to 4. Fannie made it clear in the announcement that they were in support of helping the suffering housing market and that they were serious about financing loans for good risk borrowers [...]

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Starting May 1st, Fannie Mae and Freddie Mac will be implementing a new Home Value Code of Conduct (HVCC) policy on all appraisals. Back on March 3rd, 2008 Fannie Mae announced that it had entered into an agreement with the Office of Federal Housing Enterprise Oversight (OFHEO) and the New York Attorney General adopting the HVCC. The HVCC [...]

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Beginning April 4th, 2009, Fannie Mae is allowing borrowers who currently have a Fannie Mae backed mortgage to refinance their investment property even if there is no equity in their property. This is great news! Especially if you have a current adjustable rate mortgage and you want to get it locked at a great low [...]

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I continue to be impressed at Fannie Mae’s willingness to find creative ways to get more real estate investors into more investment properties in an effort to stimulate our suffering housing market.
Fannie Mae has created a new investment property financing program called Fannie Mae Home Path. This program allows the real estate investor to purchase [...]

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One of the biggest questions I get from real estate investors from week to week as an investment property mortgage coach is:  Can I pull cash out of my investment property?
I will come back to the answer of this question but first want to give you some back ground on investment property financing as a whole that I feel [...]

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Fannie Mae makes an announcement today to raise the number of financed investment properties back to ten. Since October of 2008, Fannie Mae had lowered the number of financed investment properties a borrower could have to three. Starting again March 1st, 2009, the limit will go back up to 10 properties. This is BIG news to the [...]

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One of the biggest challenges with investing in real estate in 2009 is financing. Financing has become much more difficult and for many investors, there are no viable options. The credit market is very tight. Fannie Mae and Freddie Mac are the only national sources left for financing investment properties. Even so, if you have over 4 [...]

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Mortgage rates dipped to 4.875% today on a 30 year fixed mortgage. The Fed has committed to buying up mortgage backed securities which is causing interest rates to be lower than we have seen in 60 years. Depending upon your current interest rate, A mortgage rate in the 4% range could have a huge impact on the amount of [...]

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In this tough economy, getting credit for a small business or a new rental property is getting harder and harder. Most banks have put a complete halt on new business credit lines. Worse yet, some banks have decreased the amount of their credit limits or cut the credit lines that they have with their current [...]

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