Virginia mortgage rates and industry news

BAD NEWS FOR INVESTMENT PROPERTY BUYERS AND OWNERS

If you are a real estate investor in need of a mortgage and own multiple rental properties, your days are truly numbered!  As of Wednesday, September 3, 2008, lenders will no longer be accepting loan applications from borrowers who own more than 4 financed properties.  Are you looking to purchase your 5th rental property?  Do you need to refinance an existing rental property and already own several others?  If you do, the time to act is RIGHT NOW!  We are currently locking in LOW, FIXED RATE loans on investment properties until next Tuesday, September 2, 2008.  After this date, lenders will no longer grant additional financing to purchase an additional property or refinance an existing one should you already own 4+ financed properties.  It won't matter if your scores are 800+ and you have 50% equity in all of your rental properties.  These loans will be gone 

PLEASE CALL OR EMAIL ME RIGHT AWAY TO DISCUSS YOUR SITUATION.  I AM AVAILABLE ALL WEEKEND AND LABOR DAY TO ANSWER YOUR QUESTIONS!  

PAUL THISTLE, PRESIDENT

703-753-5747 PHONE

703-626-5607 MOBILE

paulthistle@comcast.net

www.loanplanet.net