Interest Rates in 2023: Boom or Bust or Flat?

2022 saw a massive shift in interest rates for properties. What started off in the low 3s (for investment properties!!!) moved up to mid-7s and is now back down to around 6%. We’ve heard people talking about the causes of […]

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3/1 and 2/1 Buydown

● Graham W. Parham ● November 10, 2022 ● Conventional Products Mortgage 101 Mortgage Topics ● No Comments

What Is A Buydown On A Mortgage? A buydown is a way for a borrower to obtain a lower interest rate by paying discount points at closing. Discount points, also referred to as mortgage points or prepaid interest points, are […]

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Fannie Mae Reserve Requirements for Investors with Multiple Properties Owned

● Graham W. Parham ● August 24, 2022 ● 1031 Tax Exchanges Buying an Investment Property Conventional Products How to Get a Mortgage Investor Loans Real Estate Investing Turnkey Properties ● No Comments

What Are Reserves? Reserves are liquid or near liquid assets that are available to a borrower after the mortgage closes. On every loan transaction, reserves are required to be verified as part of the approval process. Acceptable sources or reserves […]

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How Many Loans Will the Fannie Mae and Freddie Mac Lend to Investors?

● Graham W. Parham ● October 21, 2016 ● Conventional Products How to Get a Mortgage Investor Loans Mortgage 101 Multi Property Loan Programs Out of State Investing Real Estate Investing Refinancing Turnkey Properties ● No Comments

In 2009, Fannie Mae and Freddie Mac rolled back the mortgage rule that prevented real estate investors from financing more than 4 properties per borrower. At the time, investors were limited to 4 properties financed, which included their primary residence. […]

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Adjustable-Rate Mortgages

● Graham W. Parham ● October 27, 2014 ● Conventional Products ● No Comments

Adjustable-Rate Mortgages An “adjustable-rate mortgage” is a loan program with a variable interest rate that can change throughout the life of the loan. It differs from a fixed-rate mortgage, as the rate may move both up or down depending on […]

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Fixed Rate Loans

● Graham W. Parham ● November 5, 2013 ● Conventional Products ● No Comments

Fixed-rate mortgages remain the most popular type of home financing. A fixed-rate mortgage is a good option for nearly every type of borrower, whether you plan to stay in the house for the long term or just for a few […]

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Jumbo Loans Programs

● Graham W. Parham ● October 30, 2013 ● Conventional Products ● No Comments

In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits. This standard is set by the two government-sponsored enterprises, Fannie Mae and Freddie […]

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