Mortgage and Real Estate Blog

Sometimes when you are looking at mortgage news - particularly when you invest in real estate - you aren’t going to feel all that great about what you are reading. In other words, the more that you start to look into mortgage news when you are thinking about getting involved in real estate investing, you might find that the news that is out there is rather bleak.

However, the more that you are able to gain experience as a real estate investor, the better the position that you are going to be in to find mortgage news that isn’t anywhere near as gloomy. In fact, just today Fannie Mae released mortgage news for established, credit-worthy investors that’s quite positive.

Now, real estate investors with great credit - those that have a credit score over 720 - will be able to have a primary mortgage along with 2-4 additional mortgages for investment properties. There are a number of other criteria attached as well - the need to not have a delinquency within 12 months of filing for a mortgage for an investment property, to document rental income each month and no history of foreclosure. However, the reality is that the news is still good.

When it comes to mortgage news, there are not a lot of great stories out there - stories that lead to optimism for those who are buying their residence along with real estate investors. News that shows that the lending market is opening up for investors is great news for the mortgage market overall.

This entry was posted on Monday, February 9th, 2009 at 7:55 pm and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.