You NEED to read this….
Just being announced now are several Industry Wide Rate and Loan modifications being made this week on Investment Property Mortgages and 2nd Home mortgages. The best simple description of the changes I’ve heard are “in a nutshell when you now want a 2nd home or Investment Property mortgage think of it as 12% more expensive to obtain that mortgage”. 
We’ve heard more and more rumors about changes to mortgage lending rules since August of last year. While most changes have been made “in-house” on a lender to lender basis –nearly all lenders have in place much higher approval criteria for refinance, and have significantly slowed their refinance timeline.
Word on the street is that these changes are part of a series of adjustments being made. How does this affect you, whether you’re a buyer or seller? Let’s take off the rose colored glasses and look hard at success in the market 2021 on part 2…
In the meantime call me, I’ll evaluate your needs and lead you in the right direction.
Mike Hastings 615-992-8817
Network Properties, LLC
Principal Broker, CRS, ABR, CDPE, ABR, SRES
Top 1% of All Realtors Nationwide
Darlene Hastings 615-400-4927
Network Properties, LLC
Broker, CRS, ABR, SRS, STSpro, ePro, ASP
Top 1% of All Realtors Nationwide
