Monday, December 17, 2007

See Me Speak!

From the Southside Landlord Compact:

Subject: SouthSide Landlord Compact Meeting
DATE: December 20th, 2007
TIME: 11:30 AM - 1:00 PM
PLACE: Old Country Buffet Restaurant
4902 S. 74th Street

Peter Kazaks, a member of the SouthSide Landlord Compact and board member of theApartment Association of Southeast Wisconsin, is a highly respected officer at KLM Mortgage Group who will share his knowledge on consumer credit and answer as many of our questions as time permits.

Tuesday, December 04, 2007

Conforming Loan Limits Stay The Same

The Office of Federal Housing Enterprise Oversight (OFHEO) recently announced that the conforming loan limit for single-family mortgages purchased by Fannie Mae and Freddie Mac in 200 would remain at the 2007 level of $417,000. What does this mean? For most of the U.S., if a mortgage is for more than $417k, it is considered a jumbo mortgage and the interest rate may be higher than on a conforming Fannie Mae mortgage.