Here is the summary of changes for investment property

来源: 于 2008-06-26 11:09:39 [博客] [旧帖] [给我悄悄话] 本文已被阅读：次

1)6 month seasoning for cash-out refi.

2)Maximum of 4 properties per SSN for the guildeline of Freddie Mac after August 1st.. Fannie Mae still allows 10 properties so far.

3)Seasoning of 6 months for refi properties under LLC.

4)At least 20% down payment for most lenders.

5)Some lenders allow Debt to Income Ratio up to 40%.