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Updated over 3 years ago,
Loan Hacking? No more personal loans for investments allowed?
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