Category: Freddie Mac

Considering a Condo?  Buying a condominium is a little trickier than buying a single-family home.  Issues such as ownership rights, number of investor-owned properties, condo association problems, use of property, and how the condo fee affects your ability to purchase are just a few examples.  I’m here to answer any questions you have to help you decide what financing is best for the property you fall in love with!

Considering a Condo?  Buying a condominium is a little trickier than buying a single-family home.  Issues such as ownership rights, number of investor-owned properties, condo association problems, use of property, and how the condo fee affects your ability to purchase are just a few examples.  I’m here to answer any questions you have to help you decide what financing is best for the property you fall in love with!

Related Article Title: Freddie Mac Bulletin 2021-20 dated June 2, 2021 Written by: Sue Villanova, Staff Writer In this bulletin, Freddie Mac releases important updates pertaining to Exclusionary list searches, Condo and Coop project eligibility, Multiple Parcels, AIM for Self-employed borrowers, LPA Median Income implementation, and remote notaries. Rule Synopsis: There are multiple subjects covered […]

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Freddie Mac Bulletin 2021-20 dated June 2, 2021

Written by: Sue Villanova, Staff Writer In this bulletin, Freddie Mac releases important updates pertaining to Exclusionary list searches, Condo and Coop project eligibility, Multiple Parcels, AIM for Self-employed borrowers, LPA Median Income implementation, and remote notaries. Rule Synopsis: There are multiple subjects covered that have various effective dates and are addressed below. Exclusionary List […]

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Seller Tax Credits – Did you know that seller tax credits are not considered interested party contributions or subject to seller concession limits? However, lenders cannot count those funds when determining a borrower’s assets to qualify for a loan. For home buyers it is a nice bonus credit at closing!

Seller Tax Credits – Did you know that seller tax credits are not considered interested party contributions or subject to seller concession limits? However, lenders cannot count those funds when determining a borrower’s assets to qualify for a loan. For home buyers it is a nice bonus credit at closing!

Related Article Title: Freddie Mac Selling Guide Updates – Bulletin 2021-16 – Dated May 5, 2021- Updated Charts – Refinance Loans – All Agency & Age of Tax Returns – Freddie Mac Written by: Lloyd Rutherford, Staff Writer Article Intro Paragraph Agency updates are an important way to stay up to date.  Our Freddie Mac […]

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Freddie Mac Selling Guide Updates – Bulletin 2021-16 – Dated May 5, 2021- Updated Charts – Refinance Loans – All Agency & Age of Tax Returns – Freddie Mac

Written by: Lloyd Rutherford, Staff Writer Article Intro Paragraph Agency updates are an important way to stay up to date.  Our Freddie Mac expert has read through the update and breaks it down into bullet points for you! Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will […]

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What happens when the actual rent you collect on an investment property is different than the market rent indicated by the appraiser?  As rents rise, this is a common issue for many of my multi-unit or investment property owners.  Before you choose to buy or refinance a multi-unit or investment property, let’s talk!

What happens when the actual rent you collect on an investment property is different than the market rent indicated by the appraiser?  As rents rise, this is a common issue for many of my multi-unit or investment property owners.  Before you choose to buy or refinance a multi-unit or investment property, let’s talk!

Related Article Title: Actual Rental Income vs. Appraiser’s Current Market Rent Question: My client is refinancing a 2-unit home and occupies one unit.  His Schedule E shows $3,600 in monthly rental income, but the appraiser indicated current market rent as $2,500.  Which rental amount do I use, the real rent or the current market rent […]

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