Posted by Administrator in General on February 28th, 2008 at 2:54 PM
This increase will allow more home buyers to qualify for the advantages of a Conventional mortgage programs. For current Homeowners this will allow a larger loan size with the flexible use of an automated underwriting engines.
This will allow easier opportunities for refinancing a first and second mortgage to one loan, the use of equity to consolidate other debt and the ability payoff a jumbo loan or an Adjustable Rate mortgage.
President Bush will sign off on this legislation today and it may take up to 3 months to work its way into the marketplace.
Superior Mortgage will still have a few niche mortgage programs that will provide interest rate pricing that is the best in the Jumbo mortgage market for loan amounts up to $3 Million . If you are interested in an FHA, FNMA or Jumbo mortgage, please call us at 201-796-8770 or use the "Contact Us" button on this site.
