Bridge Loans are used by homebuyers when they need to buy & close on another property before they sell & close their former property. Fannie Mae just released new rules that will not count the bridge loan payment against you if you have a contract on your former home and the financing contingency has been cleared! Need to close on your new home prior to selling your old home? Call me first and let’s discuss.
Related Article Title: Fannie Mae Selling Guide Announcement SEL–2019-09 – Dated December 4, 2019 – NEW Chart – Bridge/Swing Loans – All Agencies Written by: Lloyd Rutherford, Staff Writer Big changes for non-applicant debts in DU as well as new construction real estate tax calculations. Pay close attention to this article to avoid losing any […]