Fri, 2 June 2017
New Fannie Mae rules were recently announced, and it's going to impact your financing. Joe, Jason Hartman's lender, is here to talk about how these new rules are going to impact your investment home purchasing. There are caveats to the 20% down on your first 10 properties, but once you own the property, you have options.
[2:10] Fannie Mae allows borrowers to put 20% down or the first 10 properties.
[4:23] Interest rates are rising so lock the rate on your property rate now.
[9:17] 85-90 days in the maximum time to lock in a rate.
[10:48] Joe explains loan level price adjustments to rate.
[13:02] The Trump administration may replace the head of the Consumer Financial Protection Bureau.
[17:55] The ease or difficulty of qualifying for a loan.