Real estate blog entries tagged with jumbo loans by Colleen Craig (Southern California Mortgage Professional)

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Home : Blogs : Colleen Craig : Colleencraig.com Blogs : Tag "jumbo loans"

jumbo loans: Smoke and Mirrors? - 12/29/08 11:50 PM

Okay #1. This time last year the BIG news that we were all telling our clients was about the Housing and Economic Recovery Act of 2008. One of the things that would help stimulate the economy was the "temporary"increase in loan limits over 417,000 to 729,750 in high cost areas. Wooohoo - now get out there and tell all your buyers in the price range over 417,000 that they can get lower interest rates on JUMBO loans and qualify for more home! HOLD THE PHONE MABEL....it tooks weeks for investors playing the mexican standoff, waiting for each other to … (11 comments)

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Colleen Craig

Santa Clarita, CA

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Southern California Mortgage Professional

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