BRRRR strategy can provide passive income and a revolving method for purchasing and owning rental property. The method works through the following steps: Buy a property: The property you purchase should be a distressed property that needs some work to get […]
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How to Get a Mortgage
Fannie Mae Reserve Requirements for Investors with Multiple Properties Owned
What Are Reserves? Reserves are liquid or near liquid assets that are available to a borrower after the mortgage closes. On every loan transaction, reserves are required to be verified as part of the approval process. Acceptable sources or reserves […]
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WHAT IS A MORTGAGE REFINANCE?
As their names suggest, mortgage refinance options award borrowers the unique opportunity to adjust their previously agreed upon loan obligations. In other words, a proper refinance could give qualifying borrowers the chance to change their credit terms and conditions. In […]
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How Many Loans Will the Fannie Mae and Freddie Mac Lend to Investors?
In 2009, Fannie Mae and Freddie Mac rolled back the mortgage rule that prevented real estate investors from financing more than 4 properties per borrower. At the time, investors were limited to 4 properties financed, which included their primary residence. […]
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Be in Charge of your Mortgage Approval
I forget where I heard it or who told me, or maybe I read it somewhere, but the message was that I should be the one in charge of my own health care. It wasn’t up to my doctor or […]
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How To Get The Best Deal On A Mortgage
The single biggest debt/financing/liability/interest paid over time decision most people make, is choosing the best mortgage deal available, when buying or refinancing their home. So, what is the best way to do that? There is certainly no shortage of choices […]
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