New Fannie Mae-Freddie Mac Investor Policy
As of Dec. 1, investors will be limited to four real estate loans held by a single person. A 5th mortgage will be prohibited regardless of the amount of down payment or income.
Some investors are trying to find alternatives, like partnering with other investors.
It's an interesting switch to our mortgage downturn - eligibility to borrow is now a commodity.
Contact me for information on great deals for investors - Florida is a real Buyers Market right now.
Sherry Armstrong REALTOR
sherry@sherryarmstrong.com
386-679-3191
www.sherryarmstrong.com