WHAT'S UP WITH INTEREST RATES?
It's been a great year for buyers, and it still hasn't stopped! The rates are phenominal, and may not get any better than this! In fact, if you financed at a percentage point higher (or more) & plan to be in your home at least another 3 years, it may be worth your while to refinance - we have some great lenders to weigh your options!
Although they change literally by the second, rates (as of today) are in the high 4's for conventional loans, and low 5's for FHA & VA loans, WOW!! Email or call our team anytime for current rates!
FHA CHANGES in 2009
Currently the down payment for FHA is 3%, however, any contracts "pending" after December 31st will have to pay more in '09;
1) Minimum down payment increases to 3.5% as of January 1
2) Upfront Mortgage Insurance Premium 1.75% monthly .55% over 95%
3) New loan limit $271,050
Click Here for more information on FHA & VA changes.
$7,500 TAX CREDIT
If you closed (or are closing) on a home in 2008, be sure to ask your accountant/tax advisor about the $7,500 tax credit! The credit will be available through early summer in 2009 as well! Click here to learn more...
Please let us know if you have any questions about rates, programs, or refinances - we're happy to answer them and/or refer you to a trusted, experienced lending partner who can further assist you! Click here to visit our website or email Angela at Angela@HuskerHomeFinder.com
