If your home in Temecula has been sitting on the market longer than expected, it can get frustrating—fast.
You might be wondering: What now?
And for many local homeowners, that question quickl...
Published September 13, 2021
Fannie Warns Lenders on Investment Properties & 2nd Homes
Hello friends,
How might this affect you? Well, Fannie Mae and Freddie Mac (the lending institution for Conventional Loans) is warning lenders that they are tightening guidelines and increasing interest rates and fees on any investment properties and 2nd homes.
It is rumored that these precautions are preparation for losses that may come now that Forbearance Mortgage restrictions are lifted.
Watch this short video for more details or click to read the full article from Mortgage News Daily. >> ARTICLE
Liz & Team
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