Here’s a short video I put together with my brother, Adam Shandrow.
In it, he explains why purchasing a Fannie Mae home is different than purchasing any other seller or Bank Owned property.
* The homes are move-in ready.
* You get a 97% Loan Devalue Ratio.
* You don’t have to pay for mortgage insurance.
* There is no appraisal required, which expedites the closing of escrow.
* The properties are already in lendable condition.
* Though your interest payments might be higher, your PMI is waived.
* You can save hundreds of dollars a month in fees and mortgage payments.
