Heads up! – conforming loan limit to reset

Hey all,

Here’s another heads up to think about regarding changing laws in real estate and how they may affect you: The original conforming loan limit, which was increased to $729,750 under the Economic Stimulus Package for the city of San Francisco, will go back to it’s original limit of $417,000 on Dec 31st 2008.

This means: if you plan on buying a property with a loan for over $417,000, your rates and loan options will be affected by this change. Please talk with a professional loan agent to assess your situation.

Ok, that’s that. It’s Friday night and I’m gunna go dance now! :)
Jenny

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