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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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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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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I believe mortgage rates are likely to rise above 7% on a 30 year fixed over the next 12 months or as high as 7.75% on investment property. There are several factors to support my position.  First of all, there is an increasing concern about inflation. Inflation causes rates to rise as the cost to [...]

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