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Mortgage Update August 2008. President Bush signed the new housing
bill on July 30. Part of it takes effect October 1 and part takes
effect January 1, 2009. What does the bill mean for home borrowers?
See our housing act summary
and what it means for home buyers, refinancing home owners and
even for seniors and reverse mortgages. Fannie Mae and Freddie
Mac have been shored up with government financial help, while
the FHA program has added new programs. Loan limit increases
that were temporary for 2007 have been made permanent starting
in January. The new law takes effect October 1, but it will take
HUD and FHA lenders at least a little while before they can make
all of these new programs available to borrowers.
Mortgage Almanac is here to help. If you need a mortgage
to buy or refinance, we can help guide you through these difficult
times. When you submit a loan request to Mortgage Almanac, you
are assigned an experienced representative who will guide you
from start to finish by assessing your needs, locating the best
lenders, finding the best loan program and then obtaining the
best rates and lowest costs available. Mortgage Almanac
has been helping home buyers and refinancing home owners with
objective mortgage advice since 1995. You can also search through
our state by state listings for listings of lenders and brokers
in your area.
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If you are looking
for a mortgage to purchase or refinance your home, Mortgage Almanac
can help even in today's tougher mortgage lending world. We have
hundreds of detailed articles about buying and financing
your home. Use our mortgage locator service by clicking purchase or refinance and completing the easy
on-line application to get:
- Expert help
right away
- A Simple
Process to get your loan approved
- Objective
help with hundreds of lenders and programs
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