Real Estate Articles tagged with: freddie mac
Denver »
By: Skyler Moore
Financing Denver investment property can be difficult in any real estate market, especially if the investor is a business owner that shows a fluctuating income. Banks are very strict with lending criteria currently and in my opinion often try and find a reason why not to lend money, opposed to reasons why they should lend money to a borrower. I have seen individuals with enough liquid cash to cover the loan have difficulties qualifying.
A growing number of real estate investors feel now is a great time to take advantage of the …
Funding »
The Federal Housing Finance Agency has extended the government’s Home Affordable Refinance Program by 12 months.
HARP’s new end date is June 30, 2011.
Originally known as Making Home Affordable, HARP aims to help homeowners refinance their mortgage who may otherwise be ineligible because of falling home values.
There are 4 basic HARP criteria every borrower must meet:
1. The existing home loan must be guaranteed by Fannie Mae or Freddie Mac.
2. Your home must be a 1- to 4-unit property
3. You must have a …