Mortgages Unlimited Offers New Government Benefits for Homebuyers
Tax Credits, New Federal Programs Can Save Homeowners Thousands
Saint Paul, MN, Aug. 12, 2008 - A major federal effort to assist homebuyers and existing homeowners was recently passed by Congress and signed into law by President Bush. The Metzler Group at Mortgages Unlimited is pleased to announce they will offer all the benefits of these new federal programs, including:
• A $7500.00 tax credit for first time homebuyers. The tax credit is available for families with incomes up to $170,000.
• Lower rate jumbo loans backed by Fannie Mae and Freddie Mac
• Expanded availability of loans guaranteed by the Federal Housing Administration (FHA)
• $300 billion available in safe FHA loans for homeowners trapped in high cost subprime loans
• A larger federally backed program of reverse mortgages or HECMS (Home Equity Conversion Mortgages) that enables seniors over age 62 to tap their home equity
"These new federal benefits will make homeownership more attractive for many borrowers. The tax credits and loan programs can save borrowers thousands of dollars while ensuring that borrowers receive more affordable and less risky mortgages", said Joe Metzler, Certified Minnesota Mortgage Specialist with Mortgages Unlimited, Inc.
The new federal programs are complex and not all borrowers will be eligible for all benefits. Borrowers and existing homeowners should be sure to consult a qualified mortgage lender to review their options.
Mortgages Unlimited, Inc has more than 17-years of experience in mortgage lending and can advise borrowers on how this change can positively impact them. Borrowers interested in home ownership or refinancing are encouraged to call MORTGAGES UNLIMITED at 651-552-3681 for more information or visit their web site at www.JoeMetzler.com. Mortgages Unlimited, Inc. lends in Minnesota (MN), Wisconsin (WI), and Florida (FL) only.
Mortgages Unlimited, Inc is a proud member of Lenders One, the nation's leading mortgage cooperative. With more than 120 members originating mortgage loans across the country, the Lenders One alliance ranks as the ninth largest mortgage originator in the United States. Lenders One leverages its aggregate buying power and preferred-investor relationships to negotiate better lending terms, provide premium business services at reduced costs.
###
