Fri, 2 June 2017
There are new rules in town, as Fannie Mae recently announced. So Jason Hartman called in his lender, Joe, to get a rundown of what exactly has changed. Investors can put 20% down on the first 10 properties purchased, but there are caveats. Once you own the property, however, you have options.
[1:45] Fannie Mae allows borrowers to put 20% down or the first 10 properties.
[3:58] Interest rates are rising so lock the rate on your property rate now.
[8:52] 85-90 days in the maximum time to lock in a rate.
[10:23] Joe explains loan level price adjustments to rate.
[12:37] The Trump administration may replace the head of the Consumer Financial Protection Bureau.
[17:30] The ease or difficulty of qualifying for a loan.