Investment Mortgage Guy

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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There are many people right now that are concerned about their mortgage and have heard that many lenders out there are open to modifying or (amending the terms) of their loans for more favorable terms.
Mortgage modifcation companies have been popping up all over the country. Many of them are ran by mortgage orignators that got out of [...]

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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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I have been helping people build wealth in real estate for the last 13 years and it always amazes me that so many investors have great and innovative ideas for acquiring new investment properties but have no strategic plan on how to pay off their mortgages. In truth, until the real estate investor finds an effective way to pay off [...]

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Financing your next investment property purchase may seem like a daunting task in light of this tight credit market. Claiming that you can do it for no money down may seem hokey or even unrealistic. I have been helping investors purchase real estate for 13 years in the Twin Cities market have a great system [...]

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In an effort to revitalize the housing market, the US Treasury is considering lowering interest rates to 4.5%. I personally think this is a great idea. I like this strategy because it is a move to get people back into the buying mode again. Many buyers have been hanging out on the sidelines waiting for the [...]

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For the first time in history, most lenders are taking requests very seroiusly by their borrowers to have their loans modified. A loan modification is where the bank adjusts your rate and terms to something more favorable for you without having to do the tradional refinance.There are several factors that have caused banks to take [...]

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