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Increased fees for investment mortgages
My lender was recently telling me about the new increased fees and limitations on conventional investment mortgages from Fannie Mae. See more info here:
https://themortgagereports.com/75059/new-investment-property-mortgage-fees-fannie-freddie
Has anyone experienced the new fees yet and if so, how large was the effect on your cash flow potential? Also, where can I find more info on other lending options? It sounds like there will eventually be a market for other lenders to buy these mortgages, but this article is predicting a gap in time between the new Fannie Mae restrictions and when new lenders become available.
Thanks for any insights!