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Second Home & Investment Purchase Affected by New Guidelines

August 6th, 2008 · Comments Off on Second Home & Investment Purchase Affected by New Guidelines

Conforming mortgage guidelines are the Home Loan Rule Book, delineating between applicants that approved for a mortgage and those that do not. Effective today, the rule book just got a little bit tougher. According to Fannie Mae, homeowners converting their primary residence into a second home or investment property will be subject to additional underwriting […]

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Tags: Real Estate