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Leawood Kansas Home For Sale . . . Leawood Ranch Home Reduced $125,000
Another property search on the Heartland MLS . . .
I found a Leawood property for sale with a motivated seller who has reduced the asking price $125,000. The Leawood ranch home for sale features 3 bedrooms, a 1.3 acre lot and a brick front. The property code on this potential Leawood Rehab property is 345-1443605-131. List of Investment Properties For Sale
Contact the Dowell Taggart Team for more information on this property or any other currently listed property. RealEstateWizard@DowellTaggart.com
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Yesterday the US Senate passed an expanded version of HR 5140 – an economic stimulus package that includes a temporary increase in the conforming loan limits from $417,000 to as high as $730,000 in high cost areas.
What does this mean for you?
The current conforming loan limit is $417,000; anything over that figure are considered “Jumbo” loans and aren’t eligible to be financed through government-sponsored enterprises (Fannie Mae and Freddie Mac). This summer, when the private, secondary mortgage market no longer had an appetite to invest in these loans due to questions about risk, jumbo loans got much more expensive for borrowers.
To give you an example of the interest rate spread between conforming loans and “jumbo” loans, the average rate on a 30-year fixed-rate mortgage for a jumbo at Wells Fargo is 7.125% compared to 5.875% on a conforming loan, all other things being the same.
The biggest benefit is that people who have a “jumbo” loan will be able to refinance and get a reduction in their monthly payments by having the ability to obtain the lower interest rate of conforming loans rather than the traditionally higher rate jumbo loans.
However, the increase is only going to last through December 31, 2008, so anybody looking to refinance should take advantage of this opportunity as soon as possible.
AAA Mortgage LLC has been servicing the Kansas City Metro Area for close to ten years. As a referral based business we rely on repeat business from satisfied clients. We are totally committed to providing you a world-class level of lending service that is above and beyond expectation.
It would be our honor to serve as your Mortgage loan specialist. Let's get together to talk about your interest rate and terms. Please call us today at 816-272-5550 or visit our website www.aaa1loan.com so we can set-up a time to meet that is easy and convenient for you.
Sincerely,
Jason Dillabough
AAA Mortgage, LLC
jdillabough@aaa1loan.com
AAA Mortgage LLC
230 SW MAIN ST SUITE 201
LEE’S SUMMIT, MO 64063
Phone: (816) 272-5550
Fax: (816) 272-5551
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