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 [...]
Entries Tagged as 'Investment Property General'
Refinancing Your Investment Property with DU Refi Plus
December 1st, 2009 · 1 Comment
Tags: Bank Facts · Debt Reduction · Investment Mortgage Financing · Investment Property General · Loan Modification · Mortgage Financing · Mortgage Rates
First Time Home Buyer Credit Likely To be Extended Until April of 2010
October 31st, 2009 · 1 Comment
I get asked this question at least five times a week. Do you think the tax credit will be extended for the first time home buyers? Well folks, it looks like it’s going to happen.
First Time Home Buyer Tax Credit Extension Details
If the Democrats version of the Senate bill is passed when it comes to [...]
Tags: Investment Property General · Mortgage Financing
Finding a Lender That Has Embraced Fannie’s 10 Financed Property Guidelines
August 9th, 2009 · No Comments
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 [...]
Tags: Bank Facts · Investment Mortgage Financing · Investment Property General · Mortgage Financing
Fannie and Freddie Implement New Appraisal Requirements
May 3rd, 2009 · No Comments
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 [...]
Tags: Bank Facts · Investment Mortgage Financing · Investment Property General · Mortgage Financing
Fannie Mae Now Offers Refinancing on Investment Property to 105% LTV
April 16th, 2009 · No Comments
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 [...]
Tags: Investment Mortgage Financing · Investment Property General · Loan Modification · Mortgage Rates
Fannie Mae Offers Real Estate Investors a New Program at 10% Down
March 20th, 2009 · 1 Comment
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 [...]
Tags: Bank Facts · Investment Mortgage Financing · Investment Property General · Mortgage Financing · Mortgage Rates
How to Pull Cash Out on Your Investment Property
March 2nd, 2009 · No Comments
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 [...]
Tags: Bank Facts · Investment Mortgage Financing · Investment Property General · Mortgage Financing
Fannie Mae Increases the Number of Financed Investment Properties Back to 10
February 6th, 2009 · 5 Comments
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 [...]
Tags: Bank Facts · Investment Mortgage Financing · Investment Property General · Mortgage Financing
How do I Finance Over 4 Investment Properties?
January 17th, 2009 · No Comments
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 [...]
Tags: Bank Facts · Investment Mortgage Financing · Investment Property General · Mortgage Financing
Wealth Building Tips for 2009
January 11th, 2009 · No Comments
It’s a new year and a time to reflect on 2008 and think about the areas in your life you want to work on for 2009. For many, 2008 was a tough year financially. I know too many investors who lost their investment properties due to foreclosure. Others watched their 401K or retirement accounts drop 25% to 50%. No [...]


