Check Out This Excellent Opportunity!
New Change Benefits Homeowners
As part of the Economic Stimulus package recently passed by Congress, limits on conforming home loans have been temporarily raised from $417,000 to a maximum $729,750 in certain high-cost areas across the country ($793,750 in some locations in Hawaii). Other real estate markets have also seen an increase from the old maximum of $417,000. Instead of paying the higher interest rates associated with jumbo loans, larger loans will now carry the lower interest rate of a conforming loan. Federal Housing Administration (FHA) loans also benefit from this increase.
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