What are the upcoming industry-wide changed for the 2nd home market?

Freddie Mac and Fannie Mae (both under the Federal Housing Administration) are implementing some new changes for the second home and investment property market.

From the target down payment percentage to ways to lower fees, this clip covers various strategies for those looking into purchasing a second home or investment property.

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Why is the FHFA making changes for the 2nd home market?

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From reputation to rates, what should you consider when choosing a lender?