Related Article Title: NEW 2021 Loan Limits Released by Fannie Mae & Freddie Mac The FHFA Just Released Their New Loan Limits for 2021! Nice Increase! The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021. In most of […]
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Question: I have an investor who would like to refinance his modular home. He never divided the property yet built a second home on the same property, which does not have a mortgage. Is there a way for him to refinance the modular home? Answer: Unless the appraiser can appraise the home as a two-unit […]
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Question: My client exercised forbearance due to COVID. The servicer filed a second mortgage on the property for the payments missed. They are now out of deferment and have made 3 monthly payments on time. Are they able to do a cash-out refinance and pay off the second mortgage? Answer: Please see and review questions […]
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The FHFA Just Released Their New Loan Limits for 2021! Nice Increase! The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021. In most of the U.S., the 2021 maximum conforming loan limit (CLL) for one-unit properties will be $548,250, an […]
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Related Article Title: Fannie Mae Appraiser Update – Dated September 2020 – New MTP™ Solar Panels – When Do They Add Value to Your Property? Written by: Lloyd Rutherford, Staff Writer Your appraisal can be your best friend or your worst nightmare. This is why you need to keep up on the appraisal issues facing […]
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