Real estate blog entries tagged with investment properties by Darel Ansley (Peoples Bank)

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Home : Blogs : Darel Ansley : Darel's Wenatchee Area Lending Blog : Tag "investment properties"

investment properties: Investing in Mortgages - 12/12/08 12:27 AM

I lost out on a transaction with one of my clients the other day; but I think they made the right choice by not refinancing with me.
I had financed a spec home for them near Lake Chelan which has not sold. I was in the process of refinancing it into an investment property on a 30 year fixed loan. These days Fannie Mae adds all kinds of extra fees for investment properties, and less than perfect FICO scores etc. They weren't taking any cash out, and the loan is less than 60% of the current appraised value, but it was still going … (1 comments)

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Darel Ansley

Wenatchee, WA

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Peoples Bank

Office Phone: (509) 664-5324

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