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Updated almost 4 years ago,
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!