CI 79 - Cash in on New Fannie Mae Rules That Give You More Leverage

There are new rules in town, as Fannie Mae recently announced. So Jason Hartman called in his lender, Joe, to get a rundown of what exactly has changed. Investors can put 20% down on the first 10 properties purchased, but there are caveats. Once you own the property, however, you have options.

Key Takeaways:

[1:45] Fannie Mae allows borrowers to put 20% down or the first 10 properties.

[3:58] Interest rates are rising so lock the rate on your property rate now.

[8:52] 85-90 days in the maximum time to lock in a rate.

[10:23] Joe explains loan level price adjustments to rate.

[12:37] The Trump administration may replace the head of the Consumer Financial Protection Bureau.

[17:30] The ease or difficulty of qualifying for a loan.