Fannie Mae’s New Loan Payment Reduction Plan
Fannie Maes Payment Reduction Plan (PRP) is now available to real estate investors and landlords who are having trouble making payments on their investment properties.
Now real estate investors and landlords can tap into the PRP to reduce their monthly loan payment giving them time to work out their financial problem.
Similar to Fannie Mae, Freddie Mac is also offering help to troubled real estate investors and landlords. They can skip payments from 3 months to 6 months and in some situations loan payments on residential rental investment properties can be missed for a year.
To get more information on Payment Reduction Plan, CLICK HERE
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