Investment Mortgage Guy

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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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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