Archive for the 'Mortgage News' Category
Buyers…What You Need To Know About Metro Atlanta FHA Loan Limits
November 14th, 2008 categories: Mortgage News
Just a note here to let you Buyers know your FHA loan limits for metro-Atlanta will be reduced from $346,250 to $320,850. These new limits go into effect for credit approvals issued on or after January 1, 2009.
This means that if you want to buy now, and lock in your loan approval prior to the end of the year, you can get over $25,000 more home with the current FHA loan limits. With so many great opportunities in the market right now…..and the uncertain future of the credit market…now is a great time to invest in a home using this financing method.
We just found a great opportunity for a Buyer yesterday. We were able to negotiate an additional 10% net off the already attractive list price of a great home for this first time home buyer and his lender will be able to bring his FHA closing package to the table in time for his family to enjoy Thanksgiving in his new home.
There is still time for you to take advantage of this great opportunity to RESPONSIBLY buy a home before the end of the year. Contact our team today to get the professional advice you need in order to make an informed, intelligent decision about your next home purchase.
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Ouch…Feds Take Control Of Mortgage Lender IndyMac Bank
July 12th, 2008 categories: Mortgage News, Real Estate News
According to this report , IndyMac is the largest regulated thrift to close its doors in US history. Those of you that are on the fence about when to get financing to purchase a home in the near future need to view this as a sign that sooner is better than later. Every time something like this happens it tightens lending requirements and reduces mortgage options for consumers. If you need to buy a home in the next 30 days we suggest Read the rest of this entry »
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