Conventional Products
Fannie Mae Reserve Requirements for Investors with Multiple Properties Owned
What Are Reserves? Reserves are liquid or near liquid assets that are available to a borrower after the mortgage closes. On every loan transaction, reserves are required to be verified as part of the approval process. Acceptable sources or reserves […]
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HOW DOES THE FEDERAL RESERVE AFFECT MORTGAGE RATES?
Many people believe the Federal Reserve, through the actions of the Federal Open Market Committee, has a direct impact on mortgage rates. It’s actually more so that speeches from Federal Reserve Committee members, announcements of what the Fed is doing, […]
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Is It Too Soon to Refinance My Mortgage Loan?
Mortgage rates have fallen a great deal this year and millions of homeowners as well as investors might benefit by refinancing even if they bought a home just last year. Mortgage rates moved lower last week even though the broader bond market […]
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New Fannie Mae Reserve Requirements for Investors With Multiple Properties Owned
There are many investors that still do not know that Fannie Mae is requiring additional reserves from borrower’s that have more than one financed property. The Old requirements was 6 months Principle, Interest, Taxes and Insurance (PITI)on the subject […]
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How Many Loans Will the Fannie Mae and Freddie Mac Lend to Investors?
In 2009, Fannie Mae and Freddie Mac rolled back the mortgage rule that prevented real estate investors from financing more than 4 properties per borrower. At the time, investors were limited to 4 properties financed, which included their primary residence. […]
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Adjustable-Rate Mortgages
Adjustable-Rate Mortgages An “adjustable-rate mortgage” is a loan program with a variable interest rate that can change throughout the life of the loan. It differs from a fixed-rate mortgage, as the rate may move both up or down depending on […]
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