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Updated almost 4 years ago on . Most recent reply

User Stats

87
Posts
42
Votes
Kristopher Kelly
  • Investor
  • Fort Walton Beach. FL
42
Votes |
87
Posts

Loan Hacking? No more personal loans for investments allowed?

Kristopher Kelly
  • Investor
  • Fort Walton Beach. FL
Posted

Hello all,

My broker said that Fannie and Freddie are going to be stricter here in the coming months? I tried to ask her about the 4 loans then up to 10 allowed for personal loans or something like that. She was saying you will not be able to rent out a "personal" residence starting soon?

I am sorry if I am wording this incorrectly but, I hope you get the gist.

Do I need to just reach out to a new broker that maybe deals with investing more? She has been a broker for 30 years.

Any suggestions would be awesome!

Thank you

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