Fannie Mae's summer surprise for all-cash buyers, investors

Whether you want to buy a home with cold hard cash because your credit isn't so hot (& you know a bank can't finance you) or you want that advantage over loan buyers, whatever the case here's a good article for you (or anyone you may know):

Rule change allows buyers to tap equity soon after purchase

Fannie Mae quietly made a rule change last week that could be of huge significance for cash buyers of houses -- whether they're investors or owner-occupants -- starting immediately. Call it cash-outs for all-cash players.

Read the full article here: http://bit.ly/p6XPn6

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