real estate: The stimulus package is here, now what?
- 02/14/08 10:40 AM
I've read mixed comments about the highly anticipated "rebate." For example, on a January 31, 2008 press release, the Financial Planning Association advice consumers to be carefull how they will spend their rebate checks. One of the strongest observations from the personal finance perspective is that "spending the rebate may not be in the best interest of many Americans. Not setting up a household budget is how many Americans got into financial trouble in the first place." according to Mark Johannessen, CFP®, president of the Financial Planning Association® (FPA®) The FPA made a point if we consider that the national savings rate is minus 1/2 … (4 comments)
real estate: The Loan Limit Increase is Almost Here!
- 02/11/08 05:26 PM
The big day is almost here! President George W.Bush is set to sign the Economic Stimulus Plan on Wednesday. Here is the nitty-gritty of the Increased Loan Limits on Bill HR 5140. One of my trusted sources tells me that we'll be able to finance residential loans that were considered "Jumbo loans" (real estate financing above the industry-standard definition of conventional conforming loan limits) which is great news. But the question is, will this reform help the majority of homeowners? In the real world, this update will work for a drastically limited number of borrowers. It is nevertheless, good news for homeowners living in in expensive … (6 comments)
I've read mixed comments about the highly anticipated "rebate." For example, on a January 31, 2008 press release, the Financial Planning Association advice consumers to be carefull how they will spend their rebate checks. ;)
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