Quick Home Search

Recent Fannie Mae News Good For Big Bear Home Buyers

Last Friday, Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months - officially eliminating its 4-financed property limit. Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. Why is this important for Big Bear home buyers? Given that over 70% of the homes purchased in Big Bear are for second home use or an investment property, there is a good probability that the buyer owns multiple properties.  Maybe they also … [Read more...]