WHAT WILL THE MORTGAGE AND REAL ESTATE WORLD LOOK LIKE

IN 40 DAYS: -the government is scheduled to ends its $1.25 trillion purchasing of Mortgage Backed Securities.
-A 250,000 loan at 4.875% = $1323 monthly payment
-A 220,000 loan at 6.000% = $1319 monthly payment
A BUYER WILL LOSE $30,000 OF HOME PURCHASGIN POWER IN THE NEXT 6 MONTHS
Fed MBS Program Update: $55 Billion Left to Spend. Private Funding Needed http://www.mortgagenewsdaily.com/02182010_fed_agency_mbs_purchases.asp
IN 70DAYS: -the first time homebuyer tax credit and the move tax credit will be expired
-THIS IS FREE MONEY! People are getting paid up to $8000 for buying something they want! Call me for additional information.
For addition information, CLICK HERE: TAX CREDIT INFORMATION
OR cut and past this link into your web browser
http://MyOptInPage2.com/?pid=5795834

ADDITIONAL CHANGES COMING:

COMING THIS SPRING: FHA CHANGES -April 5, 2010
FHA upfront MI fee will increase from 1.75% to 2.25%
-on a $200,000 loan this is a $1000 INCREASE IN COSTS TO THE CONSUMER
FHA will lower allowable seller concessions form 6% to 3%
FHA will require 5% for certain buyers
-on a $200,000 loan this AN ADDITIONAL $3000 IN DOWN PAYMENT
FHA will be moved up minimum credit score requirement to 580. However, there is not a secondary lender in the country who will purchase an FHA loan with a 580 credit; all lenders are set at 620. With FHA moving up to 580; expect secondary lenders to follow suit by going to a 640 – 600 minimum requirement on FHA.

MORE INVETORY, LOWER PRICES
FHA has recently waived its 90 days seasoning requirement. This means that real estate investors are putting more homes on the market.
In December 2009; banks were forced to make the short process faster and easier…more short sales be sold now that at any point in 2009.

TAKE ACTION:
ARE YOU GOING TO MISS OUT ON THIS OPPORTUNITY?
WHO DO YOU KNOW WHOM THIS INFORMATION WILL HELP?
Contact me at 720-227-7270 or go to my website http://www.metrobrokersonline.com/agents/Devin.Bewley
Have a great day!
Devin Bewley

Thanks to Brian Pintar with Cherry Creek Mortgage for this information.