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Ep. 164 HOUSE HACK your First Property With This NEW Loan!
👉🏼 Want to learn how to become a 7-figure multifamily agent & investor? https://www.skool.com/naraagentacademy
Want to join my team? Email me - [email protected]
Unlock Your Path to Affordable Homeownership with 5% Down - Fannie Mae's Game Changer!
Are you struggling to achieve your homeownership dreams through house hacking but facing challenges with FHA loans and self-sufficiency tests? Well, the game is about to change. In this video, we'll unveil Fannie Mae's groundbreaking 2 to 4 Rule, set to release in November 2023, which allows you to put just 5% down on a conventional loan without the self-sufficiency test. Say goodbye to the traditional 20% down requirement!
Host Kenny Simpson discusses the exciting announcement from Fannie Mae and its potential to reshape the real estate landscape, particularly in high-cost areas like San Diego. Fannie Mae's move aims to address the pressing issue of housing affordability and create more housing options for Americans.
This video reveals how this new program can benefit first-time homebuyers and those looking to invest in real estate. With house hacking, you not only reduce your mortgage payment significantly as three other tenants pay you rent but also build wealth by owning a fourplex in 30 years instead of a single-family home.
Kenny Simpson and Jay explore the advantages of house hacking, allowing you to live a more comfortable lifestyle while still owning property and keeping your mortgage payment low. They discuss how this approach aligns with the evolving American dream, emphasizing experiences over traditional homeownership.
Furthermore, Kenny shares insights into the current interest rate landscape and offers a glimpse into the expected trajectory for rates in 2024. The conversation touches on the complex economic factors at play and how the Federal Reserve's stance influences interest rates.
If you're looking to learn more about Fannie Mae's 2 to 4 Rule and its implications or want to explore house hacking as a path to affordable homeownership, Kenny provides his contact information for further inquiries.
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By Jason Lee
5
3939 ratings
👉🏼 Want to learn how to become a 7-figure multifamily agent & investor? https://www.skool.com/naraagentacademy
Want to join my team? Email me - [email protected]
Unlock Your Path to Affordable Homeownership with 5% Down - Fannie Mae's Game Changer!
Are you struggling to achieve your homeownership dreams through house hacking but facing challenges with FHA loans and self-sufficiency tests? Well, the game is about to change. In this video, we'll unveil Fannie Mae's groundbreaking 2 to 4 Rule, set to release in November 2023, which allows you to put just 5% down on a conventional loan without the self-sufficiency test. Say goodbye to the traditional 20% down requirement!
Host Kenny Simpson discusses the exciting announcement from Fannie Mae and its potential to reshape the real estate landscape, particularly in high-cost areas like San Diego. Fannie Mae's move aims to address the pressing issue of housing affordability and create more housing options for Americans.
This video reveals how this new program can benefit first-time homebuyers and those looking to invest in real estate. With house hacking, you not only reduce your mortgage payment significantly as three other tenants pay you rent but also build wealth by owning a fourplex in 30 years instead of a single-family home.
Kenny Simpson and Jay explore the advantages of house hacking, allowing you to live a more comfortable lifestyle while still owning property and keeping your mortgage payment low. They discuss how this approach aligns with the evolving American dream, emphasizing experiences over traditional homeownership.
Furthermore, Kenny shares insights into the current interest rate landscape and offers a glimpse into the expected trajectory for rates in 2024. The conversation touches on the complex economic factors at play and how the Federal Reserve's stance influences interest rates.
If you're looking to learn more about Fannie Mae's 2 to 4 Rule and its implications or want to explore house hacking as a path to affordable homeownership, Kenny provides his contact information for further inquiries.