February 9th, 2008 9:15 PM

Dear Friends,

With much anticipation, Congress has decided to provide comfort for those homeowners affected by the Sub Prime mess.

While there's a debate if whether $300 or more in rebates to taxpayers will help the economy in the long run, we are excited at the provision in the 'Stimulus Package' in regards to mortgages.

The Senate has passed their version last Thursday. The approval of temporarily raising the limit for FHA, Fannie Mae & Freddie Mac loans to $729,750 is welcome news indeed!

We are thrilled beyond words as many homeowners who currently have mortgages over the current cap of $417,000, can take advantage of lower competitive fixed rates. This is truly an exciting prospect as we are eager to help many borrowers seeking to refinance their 'negative' adjustable mortgages to a solid fixed rate.

The Bill goes back to Committee & once Congress approves the details, the President has promised his signature.

Please check our current fixed rates. We will be contacting all of our past clients in the next few weeks.

There is going to be a mad dash to secure this type of financing. NOW is truly the time to refinance your home.

We are also offering incentives. Please call our office at 323-936-3232. Whether you are a past or new client, we are sincerely excited and qualified to help you in either a Purchase or Refinance fixed rate mortgage loan.

We hope to hear from you soon!

Thanks Again

Posted in:General
Posted by Jesse Dorado on February 9th, 2008 9:15 PMPost a Comment

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