In a FannieMae Or FreddieMac first time home buyers program how long does the owner have to live in the property before refinancing to another lender?
Hi guys,
My name is Chris and I am just getting into real estate investing and I love it. I really like BP a lot too after browsing through it - it will be a great resource. Anyways, if anyone has some advice...
I'm trying to refinance my primary residence. But Freddie Mac doesn't want to count the income I make from my short term rentals and so the underwriters are refusing to refinance my home. Is there a way to refinance w...
Does anyone know how the Freddie Mac Home Possible Affordable Seconds program works? What are the guidelines?
We’re working to take down a $20M, 132 unit asset in Northern MA (between Boston and Nashua). This is my biggest loan to date and this came from a new lender relationship. Is there anything here that looks questionabl...
First home purchase in Charlottesville, VA. Looking at 220k for small SFH or townhouse. Shopping around with lenders rn to find the best loan and get preapproved and so far so good! Question is, for a first timer, wha...
Hi Everyone!! Really excited to finally get started in real estate. I’ve read a few books and seen some properties firsthand am ready to flip a home for profit in the Phoenix area! My wife and I are doing this togeth...
Is it possible to not live on the property for a year? Wouldn't you just simply refinance the loan into a convetional Frannie/Freddie?
Hi everyone! New to Bigger Pockets and I'm so ready to go all in with real estate. I'm currently managing one rental property in White Rock Lake area and renovating my own purchase in Oak Cliff to prepare for rental s...
With the decrease of Freddie and Fannie buying up investment loans dramatically this month, Rocket Mortgage tells me that my loan of 111k is "too little" an amount for them to loan me and is rejecting financing me on ...