How To Make Second Homes Affordable

Hello,
I wanted to get this information together to help my clients purchase these Second Homes again; if you are not aware, these loans took a massive blow from FNMA in January 2022, when they released a recent fee change to these loans.
Here is the announcement - https://singlefamily.fanniemae.com/media/30326/display
Essentially they have significantly increased the costs associated with purchasing a second home with a conventional loan. Even if the client is okay with the higher costs, they still could not purchase them, because those higher costs now trigger high-cost compliance laws within the banks. So, we can't do these loans, especially when they are above 647k as a loan amount or what they call High Balance Loans. But, I want to show you a way we could in this market.

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