News / Finance
The Economic Stimulus Act of 2008 has raised conforming loan limits in high-cost areas to $729,750
Home Buyers can purchase real estate with current historical low interest rates and FHA programs where you can buy with as little as 3% down
"It is a good time to buy real estate with current historical low interest rates and FHA programs where you can buy with as little as 3% down," say Lisa Solomon, founder of Coastiera Properties and author of Put Your Money Where Your House Is. "It is important to have a qualified real estate agent who also understands home loan programs that best suit you," adds Solomon.
The Economic Stimulus Act of 2008 has raised conforming loan limits in high-cost areas to $729,750 (up from $417,000); however, this provision is set to expire on December 31, 2008. The Housing and Economic Recovery Act will assist an estimated 400,000 homeowners facing foreclosure, many of whom reside in California, by allowing them to refinance their current mortgages with an FHA-backed loan. Another centerpiece of this legislation is the creation of a $7,500 tax credit for first-time home buyers and the continuation of the Hope for Homeowners program.
Lisa Solomon is offering a free homebuyer step-by-step e-guidebook. It contains everything you need to know from the day you start looking at homes or open houses, to the day you close escrow on your home. To learn how to raise your credit scores with another free guide, go to Solomon's better credit form.
For more information, contact:
(949) 929-2099
