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Also see - http://www.zillow.com/wikipages/Stimulus-Package-and-Local-real-estate-market
take advantage...I think a lot of taxpayers will feel someone "took avantage" after this is all over...of THEM!
I see no reason why anyone would or should buy a home getting a 6% mort when banks are refi-ing the reckless buyers at 3.99%
If I were buying a house today I would DEMAND 3.99% from the bank.
Those getting the lowest rates are the least deserving.
FHA this FHA that... pathetic.
FHA in Corona = Frickin High Axle's........
Thanx, D
Once again, the problem is those legislating are ignorant of the industry they "rule over".
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Stimulus Package and affects on local real estate market
William Doom, "YourMortgagePlanner"
Mortgage Lender
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In February, the President signed into law the Economic Stimulus Package in an effort to revive our battered economy. I wanted to be sure you knew that the legislation is about more than just rebate checks; it can also have a positive impact on current and future homeowners.
Many of your readers may not be aware of how this bill could create opportunities to save money on their home financing. Here are some of the questions I believe your readers should consider, and I would be happy to lend my experience and expertise to help explain how our community may be able to take advantage of the temporary rules created by this important legislation:
NEW FHA and Conforming Loan Limits https://entp.hud.gov/idapp/html/hicostlook.cfm
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