package: $729,750: The New Jumbo (for now) - 02/11/08 04:27 AM
That's right, the economic stimulus package will be in effect shortly, and with it will come the ability for Government Sponsored Entities Fannie Mae and Freddie Mac, along with the Federal Housing Administration (FHA), to increase their loan purchase limits significantly in higher cost areas.  Sure, more of us are thinking about the $600 or $1200 check we're getting back as part of this (flat-panel TV anyone?), but for those who own higher value homes, this potentially means two more important things:
Easier to refinance to a better loanMore buyers can get better financing to buyFor homeowners and homebuyers considering pricier … (2 comments)

 

Dan Hartman

Providence, RI

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Province Mortgage Associates - NMLS #2861

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Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you!


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