Second Home and Investment Property Financing
Diane Donnelly
Diane Donnelly
President The Donnelly Group with Keller Williams Flagship of Maryland
Today David Ratti from Envoy Mortgage and I are sharing some valuable information about financing second homes and investment properties. Recently, Fannie Mae and Freddie Mac were ordered to get their primary residence portfolios to 93%. That means only 7% is left for second homes and investment properties. As a result, they’ve hiked the rates for these properties.