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...Why Conforming Loan Limits SHOULD Be Raised Now...

By
Mortgage and Lending with Ameritime Mortgage Company, LLC.
Zach Dahl
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March 6, 2008

Released October 22, 2007 by the OFHEO 

 Note:  This graph represents the spread between conforming and jumbo 30 year Fixed rate mortgages.  We can cleary see that boosting the conforming limit from $417,000 to the lesser of:

A)   $729,000 OR

B)  125% of the median area sales price

will open up more opportunity for new and existing home buyers to acquire AFFORDABLE mortgage rates.

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313 2nd St. SE Suite 112
Charlottesville, VA 22902

Comments (2)

Shannon Ziccardi
"A Quick Note" ...in Tennessee! - Clarksville, TN
"A Quick Note" Mobile Notary ...in Tennessee!

Zach,

     I'll support your crusade!!  I need the eggs!!

 

"A Quick Note"

Mar 06, 2008 05:14 AM
Zach Dahl
Ameritime Mortgage Company, LLC. - Charlottesville, VA
Virginia Home Loans

Shannon,

The question remains:  "Which came first, the chicken or the egg?"

...maybe you need the chickens!

Mar 06, 2008 05:21 AM