Thursday, February 19, 2009

Ten Mortgages for One Borrower? Really?!

I heard the rumors, and decided to find the actual truth. Here it is:

Fannie Mae [will] allow investor and second home
borrowers to own five to ten financed properties
if they meet certain ... requirements.

Awesome! No more "four's the limit" stuff! This is great news for many of us...as long as you get past the fine print.

Details here straight from the horse's Fannie.

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