Connie Clark Phoenix/Scottsdale Area Real Estate

Well, as if we didn't have enough changes taking place at lightening speed, now one more change from Fannie Mae came down effective August 1, 2008. This time the issue swirls around new rules that will affect converting your principal residence to a second home or investment property. Going forward, if you plan to turn your primary ...

We don't normally like to turn our blog posts into long diatribes, but at the same time, there have been so many changes this past year in lender financing, as well as multiple changes at Fannie Mae/Freddie Mac and most recently with FHA, we felt it necessary to give a better breakdown of these changes and more specifically - WHAT ...