Monday, September 6, 2010

Fannie Mae tries to stimulate market for foreclosed homes

Wow, it also doesn't have PMI
There are two main options with HomePath: mortgage financing to buy the house in its current "as is" condition and "renovation" financing, in which Fannie lends additional amounts needed for what it describes as "light to moderate" fix-ups, such as a roof repair or replacement of a heating, ventilation and air conditioning system.

Read it all

1 comment:

  1. Thank you for sharing information on Orange County real estate. It is a beautiful place and locals should feel so lucky to call it home.