Fannie Mae Supersizes You
Last week Fannie Mae and Freddie Mac made it easier for buyers in high-priced areas like New York to get big loans or re-fi their existing ones. Limits for federally backed loans in 70 counties across the U.S. have now been raised to $729,750, according to an article in the Wall Street Journal. The move…
Last week Fannie Mae and Freddie Mac made it easier for buyers in high-priced areas like New York to get big loans or re-fi their existing ones. Limits for federally backed loans in 70 counties across the U.S. have now been raised to $729,750, according to an article in the Wall Street Journal. The move is supposed to encourage lenders to to drop rates on jumbo loans (those over $417,000), which have soared above smaller loan amounts in the wake of the credit crunch. The loan-limit increase, however, will be short-lived: It’s set to expire at the end of this year. Still, this should do more to prop up the economy than tax rebate checks.
Fannie, Freddie Loan Limits Raised [WSJ]
Photo by *andrew.
So I have read almost all 102 of these comments and instead of Driving myself crazy I called a mortgage person who I read about in the NYT 2 weeks ago who also posts on here Brian Scott Cohen. Anyway, he spent the time on needed and really explained the loan limits and latest changes with the products. I suggest everyone to call him since things seem to change everyday.
Brian Scott Cohen 718 780 9132
cell 646 584 8009
5:48 thanks for providing some real info. Can you provide a link to that Fannie Mae document?
150K to 250k salary – highest tax burden. In excess of 250K, lower.
arrgh – I give up. You guys are right. Everyoe who makes over $150K per year pays 40% tax rates. Dont even try to do better.
Me and Cheney must be doing something wrong paying under 20%.
All the posters on this board do is hate and attack anyone who is not doom and gloom.
Good thing there are people like you to keep paying me rent.
yea Mr. 5.57 and 6.02 – those with billions use UTMA, SEP, 529, 401K which account for 0.01% of their income.
Are you a comedian?
6.02 – you really need a spreadsheet to keep your fabricated world consistent – no-one missed your posts.
Finally you seem to acknowledge that the people who have the jumbo mortgages are those who pay a higher percentage of their income in taxes than any other group.
actually you missed all my posts didnt you? I was making the point that its the ones making billions who are rich. Did you learn to read where you learned how to do your taxes?
5.57 – you don’t know what rich is – to you its anyone earning over $50K
oh so the rich do not take advantage of the aboce to lower their effective tax rates on their salaries?
Every high earning person I know has maxed out all the above, then you look into serious shelters.
You guys must be the suckiest lawyers, accountants, and financial advisors if you dont own any real estate, and pay 40% effective tax rates.