Posted by James Strange on September 04, 2003 at 19:40:11:
Work with a broker who works with portfolio lenders. These lenders do not sell to Fannie or Freddie.
James Strange
HAVING 10 MORTGAGES IS A PROBLEM?? HELP! - Posted by Stacy Gilman
Posted by Stacy Gilman on September 04, 2003 at 12:25:01:
I AM IN NH AND CURRENTLY OWN 7 PIECES OF RENTAL PROPERTY. I AM IN THE PROCESS OF BUYING 18 MORE UNITS THAT ARE IN FOUR SEPERATE BUILDINGS. THE MORTGAGE BROKER I AM USING SAYS THERES A PROBLEM WITH FANNIE MAE IF I HAVE MORE THAN 10 MORTGAGES OUT THERE AND THAT I AM A TARGET FOR AN AUDIT. IS THIS TRUE…ANYONE DEALT WITH THIS?? PLEASE ADVISE
Re: HAVING 10 MORTGAGES IS A PROBLEM?? HELP! - Posted by Robert Staats
Posted by Robert Staats on September 17, 2003 at 15:43:14:
I have 10 FM mortgages, plus a number of non-FM. Find a broker who can do non-FM loans - there are plenty out there.
Re: HAVING 10 MORTGAGES IS A PROBLEM?? HELP! - Posted by ken
Posted by ken on September 04, 2003 at 19:17:46:
You can get mortgages elsewhere if the broker can’t help find another one