Effective May 1, several lending changes go in affect: 1.     The max agency jumbo loan limit gets increased from $625,500 to $729,750 in high cost areas.  (FYI – Not all lenders will allow this) 2.     The refi plus program for loans over $417k get implemented allowing clients to refinance up to 105% LTV on their owner occupied homes (Must be FNMA or FREDDIE owned) 3.     The maximum allowed investment properties with loans will go from [...]

So you want to buy a flip house? Or is it a real fixer? How do you know if oyu can make any money on it? Make a list. If you don’t already have a formula (and you should already have a formula) for how much it is going to cost you to fix that flipper, than you better have detailed cost figures so you at least give yourself a chance. Most experienced flippers know [...]