QUESTION: How long do I have to wait until I refinance my new mortgage?February 15, 2019
QUESTION: I am trying to buy a piece of land and want to know if that is something a lender would finance?February 15, 2019
FNMA (Fannie Mae) and FHLMC (Freddie Mac) do limit the amount of loans you can have on residential 1-4 unit properties (they do not count commercial, land, or free and clear properties FHLMC only). The will go up to 6 financed properties. FNMA will go up to 10 financed properties if you meet stricter guidelines. If you need to finance more that 10 properties, you would need to use a non-conforming investor or a private money lender.
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