With a few minor changes from the Senate we are on our way! The bill should be ratified by the House of Representatives soon and could possibly be on the Presidents desk as early as tomorrow. He is expected to sign it without any delays. Watch for news!
The changes to our loan limits could be extremely helpful to homeowners who are trying to refinance their homes. A huge benefit would also be for potential home buyers who will be able to obtain a loan with a conforming loan rate possibly up to $729k. I understand it will be 125% of the actual median price of a home. This could make a difference in your interest rate of possibly 1%! If you are thinking of buying or refinancing this may be the perfect time for you!
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