kkinva68

Countrywide's Call For Increased Mortgage Limits Must Be Ignored

What a stupid article... $417,000 means many different things depending on where you are looking for a home. A builder cannot even get a 6000 SQ FT lot for $417,000 in Arlington, VA so responsible people with good credit must get 2 mortages even with a $50,000 down payment. All this limit does is make things more complicated and expensive for those otherwise qualified. What rock have you been living under for the past 15 years?