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You are currently browsing the Phoenix Valley Real Estate Blog weblog archives for the day 2. July 2008.
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Archive for 2. July 2008
Tips for Buyers!! New Policies Announced by Fannie Mae - Effective August 1, 2008
2. July 2008 by Teri Ellis.
These new policies include: if you own another home and are planning to rent it out and are considering purchasing another one, the time to purchase might be now. Buyers purchasing as of August 1, 2008 will need to qualify for both mortgages or have 30% equity in their primary home. Just thought you’d like to know! 
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