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May 4, 2010 by Chris.
See the below article on Neeti Arndt’s blog (our real estate broker). Now that Fannie and Freddie are no longer backing interest-only loans for 2-4 units, there could be even fewer investors in the market for these properties. This could pose an attractive investment opportunity in the near term for buyers. The only downfall with investing in less than five units is that loan is based upon the borrower’s debt to income (DTI) instead of the property’s cash flow. This is why real estate investors are always seeking people with high FICO scores and low DTI values to partner on real estate deals
Fannie Mae Tightens Guidelines On ARMs And Interest Only Products : Neeti Arndt
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