回复：One agent told me that I may get non Fannie, Freddie loans

来源: 4008 于 2008-10-20 17:56:29 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (582 bytes)
回答: REO: Unbelievable Cash Flow right now 由 miat42 于 2008-10-20 12:52:13

Yes, loan broker says now it's only possible to get loans with non-FNM/FRE resources called "Portfolio" lenders if you have more than 4 houses already. The problems is the loan term is quite different than the normal loans, e.g. will be w/ pre-penalty, only ARM loans, and at least 1% loan process fees to the broker, etc.

Suppose you can get such a loan, say 7% 5yr ARM, will you be still want to do it? Even if you knew it's not possible to refi to a normal loan late, and the house market will not come back for 10 another years for the house to make a sizable profit?

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• Thanks, I'll see what this agent can get for me. -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (329 bytes) () 10/20/2008 postreply 18:11:07

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