Forum
« solid brass hardware Bathroom Tiling »
December 1, 2008
Refi on new conforming loan limit?
Did anyone take advantage of the new conforming loan limit that is set to expire year end? Mortgage rates seems to have come off enough for us to refinance based on the new conforming limit.
Can anyone share his/her experience? or recommend a mortgage broker whom we can speak to? TIA
Comments
I'm doing a ton of refinances.
Adam M. Dahill
Branch Manager
Approved Funding Corp.
41 Grand Avenue
River Edge, NJ 07661
(201) 833-0123 x242 office
(917) 696-6010 mobile
(201) 298-6599 fax
adahill@approvedfunding.com
www.approvedfunding.com
Posted by: Adam Dahill at December 1, 2008 4:13 PM
Are you talking about the temporary loan limit that was raised back in April of this year? to 712k? I thought for a lot of instituions, it was already pulled early, by Dec. 1, no?
Posted by: helppls at December 1, 2008 8:28 PM
The Jumbos rates are in a holding pattern right now as some banks have adopted the new limits and some have not. Until Jan 1st you are not going to see really agressive Jumbo Rates. They all need to get on the same page.
Email me if you want to talk further.
adahill@approvedfunding.com
Posted by: Adam Dahill at December 2, 2008 1:43 PM
Most lenders have changed the guidelines from 729,900, to 625,500. Their are some lender's giving good rates though even over a million... basically the lower your Loan to Value the better the rate
Larry Blusewicz
Worldwide Financial Resources
lblusewicz@e-mailfr.com
Posted by: WFRLarry at December 9, 2008 8:01 PM
Post a comment
Please be patient while your comment is published. It may take a moment.