This is a great program for those of you wishing to accumulate rental properties, or add a vacation home in some exotic local.
This program will lend up to 90% loan to value ratio on non owner occupied property.
One key thing to know about this property is that it does require 6% reserves. That is 6% of the aggregate unpaid principal balance.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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