Investment Mortgage Guy

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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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 [...]

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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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This is the million dollar question that I get asked each and every week. Both new and seasoned investors do their best to time the market right so they can best maximize their investment dollars.  Poor timing can have a huge impact on the ultimate success of an investment property to an investor. People who bought [...]

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The interest rates on investment property mortgages dropped significantly however, Fannie Mae is now requiring up-front discount points to be paid on all loans.  The discount points have always been included in Fannie Mae’s risk and pricing model, but until recently, those discount points could be avoided by charging the customer a slightly higher interest rate.  In [...]

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On December 13th Fannie Mae made several new changes to their guidelines as they continue to tighten credit standards.
The Followings Changes Were Made to the Loan to Value Ratio’s for Investment Properties:
                                                                Old LTV                 New LTV
Purchase Transactions                              90%                        85%
No Cashout Refinances                             90%                        75%
Cash Out Refinances                                 85%                        75%
We have seen many changes in 2008 to Fannie Mae’s [...]

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For 13 years I have been helping investors build wealth thru real estate. During this journey, I have become an expert in rehab loans for investment properties. These loans work great for a couple of reasons: First, they give you the funds for both the purchase AND rehabilitation of your investment property. With a traditional purchase of an investment [...]

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