What is the Conforming Loan limit?

What is the Conforming Loan limit? Looks like it's going to change...but WHEN already? A study released Feb. 7 by Deutsche Bank analyst Nishu Sood looks at the loan provisions and sums it up with this headline: “High-profile policy, low-profile impact.” Sood concludes: “Every little bit helps, but we expect only a few percent of home transactions to be impacted in 2008.” When will it change and by how much will depend on median sales prices (values) in certain areas. There is still too much disinformation. 125% of median price increase based on the current level of $417,000. Others say it's an automatic increase to $625,000, $650,000 or $730,000. What we do know is what rates we have available today, and that banks are slammed, so getting you loan going NOW is important. Get the appraisal done with a broker you trust and will do you right. I'm that guy here in California. 415-485-1776. Pat Townsley. http://www.ptre.net/

The Secret to closing More Mortgage Deals

Wow. I finally found it. After starting in this business in 1984, then really digging in over a decade ago as a loan originator, to becoming a Broker, then a Realtor, then hanging up my Realtor designation and focusing 100% on the core business of being a morgage broker, I found the Post-It that sums up how to be successful in the mortgage business. If we just simplify the process, keep our eye on the goal and provide excellent service, the four step daily plan works.

If you know anyone looking for a new conforming loan including Stated Income (aka No Income Qualification)...I've got them along with THOUSANDS of other opportunities in today's real estate financing market. It's time to call: Pat Townsley, Mortgage Broker. 415-485-1776. http://www.ptre.net/ . Keeping it Real. Simple. Let's Talk!