Why You Should Buy That Home Now - 02/14/11 12:40 PM
Congress will ultimately decide whether Fannie and Freddie have a future, and whether the other changes could go into effect as soon as this fall. Here are the big three: Smaller mortgages In October, the maximum size of mortgages backed by Fannie and Freddie will shrink. (That's when the current limits are set to expire, and the president's report is calling for them to not be extended.) Currently, in high-cost cities like New York and San Francisco, homebuyers can borrow up to $729,750 for a single-family home; that amount drops 14% to $625,500. The $417,000 amount for more moderately priced areas … (0 comments)

Govt. to Wind Down Fannie Mae and Freddie Mac - 02/13/11 11:31 AM
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Filling Fannie and Freddie's Shoes - 02/11/11 04:11 PM
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Recent Survey Finds First-Time Buyers Demanding New Type of "Starter Home" - 02/08/11 12:05 PM
►67 percent said the market afforded them the opportunity to buy a home sooner than expected ►Half said they found a home in a more desirable neighborhood than expected ►61 percent were able to get the home at a better price than expected ►40 percent got more space than expected ►43 percent locked in a lower interest rate than expected ►78 percent said the home had to be in an area convenient to shops and services ►Three-quarters of buyers said it was important to be close to their place of work ►Nearly two-thirds said it was important to be near "highly-rated" … (1 comments)

 
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Thomas Crate, CA DOC, NMLS #332624

Lake Arrowhead, CA

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Mountain West Financial

Address: 27236 Hwy. 189, Blue Jay, CA, 92317

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