Tuesday, September 20, 2011

New mortgage limit may hurt home sales | The Tennessean | tennessean.com

New mortgage limit may hurt home sales The Tennessean tennessean.com

“Any loan amount over that cap is going to mean a higher cost to borrowers,” real estate appraiser Richard Exton said. “We still have quite an inventory of homes in that $550,000 to $750,000 range, so making it harder to buy those homes is not going to be a good thing.”

1 comment:

Unknown said...

Buying a home is also considered to be a good form of investment. So go for it if you have some money saved and can afford to dish out the monthly payments in time. Taking the advice of a mortgage company or an independent mortgage advisor will help you to know about the general regulations as well as the procedure.

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