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Positive News for Mortgage Rates
This was a slow economic news week. The First quarter productivity number was revised to-0.6%; yes, shrinking, not expanding, and the unit labor costs revised to 4.5%. Yes: it is costing more to produce something (employee, insurance etc. costs). This was mild news,...
Read How this Couple Paid of $70k in debt with a Clever Refi
A couple is trying to refinance to drop their rate from 5% to 3.5% and pay off $70,000 in debt that they could barely sustain anymore. They had been given a loan modification in 2008 because she had to leave her job due to illness and had to file for bankruptcy in...
How Many Properties Can an Investor Finance?
Myth Buster of the Week: Investors, have you been told that Fannie Mae only allows you to finance 4 properties? This is FALSE! Investors can finance up to 10 properties with Fannie Mae financing. Most lenders only have a contract for up to 4 financed properties, but...