It’s official! The Federal Housing Finance Agency (FHFA) just announced the 2022 New Conforming Loan Limits!
Wow. This is the largest annual increase we’ve ever seen.
Hopefully, you and your family are positioned on the right side of the inflation pandemic.
Here’s the new limits …
Why does this matter to you?
Whenever your real estate loans conform to the guidelines of Fannie Mae & Freddie Mac (overseen by the FHFA), lenders know there’ll be a ready market for them to sell your loan to.
The means less risk for them, and less cost for you … i.e. Lower Rate and Points!
What to do about it …
Evaluate your financing on mortgages that used to be non-conforming and now could be conforming.
For example, if you have a current home mortgage on a single-family home between $548,250 and $647,200, there’s a good possibility that you could refinance and lower your interest expense and monthly payment.
To review your mortgages with an experienced professional, simply click here to schedule a time to talk!