Kris's Blog

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Mortgage and Lending - Severn Mortgage
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The market has been rapidly changing over the last year and making it more difficult for buyers to purchase a home and for sellers to sell.  Back in December the bill was passed to increase the FHA lending limit to $417,000.00.  We are all now waiting for the bill to be signed.  Also, today in th...
01/24/2008
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Kris Wise

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It's good to finally see that the seneate has signed the bill to increase the lending limit on FHA loans from $362,000.00 to $417,000.00. All we are waiting on now is for the President to sign it. This should help in turning the buying market around as well as helping people get out of those subprime loans they shopuld have never been in to start with.