The real estate investing circle is probably rejoicing because of the good news that Fannie Mae will soon allow home buyers to reapply for new mortgage after just two years of waiting. The previous policy stated that homeowners who lost their homes in a short sale or gave the deed back to the bank due to financial problems should wait for at least four years before they can qualify for mortgage again.

This deserves a two thumbs up! In fact, it’s so good that the thumbs of two-time Formula One world champion Fernando Alonso that are insured for a total of $13 million should be raised for this news. This probably will lead to an increase in home buyers and that means more deals for real estate investors.

It wasn’t stated though what the mortgage association’s intention is in shortening the waiting period but some pundits speculate that it’s part of government efforts to reduce the number of foreclosures, which continue to rise and are expected to increase even more in the coming months.

But for now, would it be better to take this news as good news? Since home buyers will be able to apply for mortgage sooner, they will be able to buy houses sooner, and that will increase the number of prospective home buyers. What is important is that real estate investors should position themselves strategically for this likely increase in buyers. People will need homes and if you’re there to provide it for them, you’ll be able to cash in on this real estate investing opportunity.

Believe otherwise? Let your views be heard. Leave your email on the form below so you can join the discussion on this topic now.