Fannie Mae's announced that its Desktop Underwrite (DU) system will include changes that increase the maximum allowable loan to value ratios for two-to-four-unit, principal residences. Come November 18, 2023, these guidelines will open doors with an impressive Loan-To-Value (LTV) ratio of up to 95% for 2–4-unit principal residence properties...
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One financial obligation that comes along with homeownership is the responsibility to pay property taxes. Fortunately, your mortgage servicing company can make this easier. Did you know that if you choose to escrow, part of your monthly mortgage payment may include your projected property tax for the year? If you choose to escrow, your mortgage company collects a portion of your projected tax and..
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