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Private Lending & Conventional Mortgage Advice

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Abbas Elegba
  • Rental Property Investor
  • South Orange, NJ
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A way around the fannie mae limits

Abbas Elegba
  • Rental Property Investor
  • South Orange, NJ
Posted Jan 31 2011, 02:12

Hello, all i am one of those who has trolled this site for months without providing any input so here it is. Like most here i am an investor and own about 10 properties 6 financed and i have spent the last 6 months trying to refinance and figure out ways to finance new prospects without going the hard money lender route. I found out today that the governments HASP program is a possible alternative to at least refinancing a property even if you are above the mandated fannie mae 4 property limit. I am going through the process as i speak and will let everyone know if it works out. You have to ask banks if they do this, most people dont know about the program or its guidelines, including those who work in the bank,

Happy investing to all

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