What does it mean when you have a REPUBLICAN PRESIDENT - a president that is concerned with the nation's economy. Ok all you haters out there...
The Fed. Stimulus Package
President Bush signed the Fed. Stimulus Package today.
This should bring new loan business.
1. FHA......
New loan limits of 125% of median price with a max. of$729.750. Reverse mortgages, 203(k) loans and standard loans shouldincrease.
2. Conforming Loan Limits.....
Could be raised to as high as $725,000.
3. Tax Rebates......
More cash for buyers! $300 to $1,200
4. Refinances....
Will become affordable again!Plus....
5. FHA Secure....
Helping owners with teaser rates to refinance.
6. Project "Lifeline".....
Some homeowners will be given the opportunityto put the foreclosure process on hold for 30 days while lenders work outa way to make the mortgage more affordable.
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