INVESTORS - URGENT COMMUNICATION
(this was sent to me by a loan officer I know, Barbara Heiser of Amerifirst Mortgage; her contact info is below)

Attached is a recent communication from Freddie Mac. Effective August 1, 2008 both Freddie Mac and Fannie Mae will NO longer allow financing where a borrower owns more than 4 financed properties, the previous number of properties allowed by Freddie/Fannie was 10. This is a significant change and will impact anyone who has 4 or more financed properties.

If you are an investor or if you or someone you know owns more than 4 properties it is critical to immediately consider the following:

1. If you own more than 4 financed properties and any of your loans are on an adjustable rate you have a 45 day window to get those loans refinanced to a 30 or 15 year product. If you do not do this now you could be stuck with an adjustable rate loan indefinitely. If the terms on your adjustable rate are not good then the impact could be disastrous long term

2. If you are looking to purchase a property you need to do it now! If you already own 4 or more properties and are looking to purchase a new one and wait you will find it much more difficult to obtain financing and will most likely encounter higher rates and greater down payment requirements for using a bank that does not follow Freddie Mac and Fannie Mae’s guidelines.

I am here as your resource and will be happy to provide assistance with refinancing or qualifying to purchase today. Please forward this communication to everyone you know. Most lenders are not even aware of these changes and I want everyone to have a fair chance to get their financial house in order before it is too late.

Please call Barb Heiser with any questions, Amerifirst Financial, 1910 S. Stapley Dr. #209
Mesa, AZ 85204
Business: 480-682-6605
Cell: 480-993-6717
Fax: 480-304-9118
E-Mail: bheiser@amerifirstloan.com
Web: www.TheHeiserTeam.com

Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!