Friday, April 8, 2011

Multiple Financed Properties

Fannie Mae and Freddie Mac have limited the number of financed properties allowed by an individual to no more than four. Because of this restriction, many investors can't finance another one with most lenders until they either sell one of their existing properties, or they must pay off one of their existing mortgages. I have a few select lenders who don't sell their mortgages, so they don't imposed this limit. This is an example of how the constraints of the lending industry can limit our abilty to do business. This is why I am always searching for alternatives to help Pennsylvania realtors sell more real estate.

Any questions please call:


Andy Williams
President
Abacus Regional Mortgage
484 695 5972

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