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fannie mae changes
Fannie Mae changes-
 
-          4 financed properties allowed.
-          A refinance must generate from a person who was originally on title and note from day 1 or you have to wait 6 months to refinance.
-          No cash out for six months.
-          LTVs to 80% have an increased pricing hit of 1.00% to 1.25% which makes 80% obsolete.
-          LTVs need to be at 70% and 75% MAX to be doable.
-          No cash out refinances are still eligible for NO SEASONING.  Payoff your renovation loans.
-          Free and Clear homes will have 6 months seasoning.  Always place a lien on it from day one even if you paid cash.  Need to be able to payoff a lien!!!!!
 
 Contact me with financing questions etc,  I will be able to give you whatever informaiton you need, or lead you in the right direction
 
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