I have a client who owned 45 investment properties with 29 mortgages and 3 home equity lines of credit when I helped him buy a rental property in Hawaii last year. The lender we arranged the loan with did so because the borrower had less than 5 existing loans with that lender.
If you are an investor who buys high end homes with jumbo loans and 5+ unit properties, you are probably not going to be drastically effected by the new Freddie Mac policy. If you are buying smaller single family homes and condos, you may find yourself borrowing more from portfolio and private lenders in the future.
John A. Souerbry & Associates
Serving Investors and Estates