Fannie Mae, a major investor in mortgages whose guidelines are widely followed, has increased the number of financed properties it allows investors to carry, from four to 10.
The change took effect in March, ending the four-property limit imposed in September.
This report was given in "Florida Today" newspaper May 24th.
This is great for investors. You can now own more than 10 properties on most conventional mortgages. This will open up HUGE opportunities for investors.
Not all mortgage companies will adopt this at first but look for those that can do this now. Finding financing on those properties will become easier now.
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