Credit Tightening For Investment Property

I received this email from a mortgage person I’ve worked with in the past and probably will work with again in the future…

Please note that we are receiving releases about changes in lending guidelines.  Just today Chase decided that all second homes and investment properties have a maximum loan to value on a purchase of 80%.  A very important piece of information for your investment clients.

 
Let me know if you’d like more information,

Audra Chandler
Mortgage Planner, CMPS
FirsTrust Mortgage, Inc.
4501 College Boulevard, Suite 250A
Leawood, KS 66211
913-747-3279 phone

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