Financial/Mortgage Update

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Real Estate Agent with RE/MAX Estates Properties 00598848

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The news today from the Federal Housing Finance Agency was that conforming loan limits will remain at $417,000 in the continental United States for 2009.  There are higher loan amounts for certain counties.  These are known as ‘High Cost Areas" and we are one of them.  Our conforming loan limits will be $625,000 (In 2008, we enjoyed a higher limit of $729,750).   Any loans above $625,500 will be at the higher Jumbo Rate shown above.  Click here to read more...

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ActiveRain Community
Location:
California Los Angeles County Palos Verdes Peninsula
Tags:
mortgages
financial
buyer advice
getting a mortgage

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Elaine Murphy Carlson

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