Thursday, July 7, 2011

Large Loan Limits on the Herizon; Take Advantage Now!

Check out this Wall Street Journal article "Sellers Brace for New Mortgage Caps"

If you are a buyer looking to borrow between $417,000 and $535,900 to buy your next home, you better hurry. There are reports that anything borrowed over $417,000 will be considered a jumbo loan and the rates will be higher. You can currently borrow up to $536k at the lower rates.