FHA and Conventional Mortgage Lenders have certain rules pertaining to property flips. If you aren’t aware of these rules, you could agree to purchase a home that has limited financing options.
Fortunately, the FHA anti-flipping rule is suspended for another few months, but is set to be reinstated in 2015.
Learn more about property flips and financing options with our new article, Property Flips: Do you need to wait to buy or sell a property that was recently purchased?
2015 Update: FHA Announces Expiration of the Property Flipping Waiver
For information about the expiration of the FHA Flipping Wavier, see our article: FHA Announces Expiration of the Property Flipping Waiver.
The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.
We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.
Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.
