PROView - March 2008 - (Page 9)

$362,750. NAR is still crunching the numbers, but you can expect tens of thousands of more home sales per month using FHA financing once HUD formally administers the new limits. 5. Conforming loans are getting bigger, too. The federal government included higher conforming loan limits in the stimulus package, so borrowers will be able to get favorable, non-jumbo rates on financing up to the same $729,750 limit. The actual high-end limit will depend on the market, and HUD will decide that, because the Fannie and Freddie limits will track FHA. Not only will higher conforming loan limits increase homeownership affordability, but they’ll open the door for homeowners to refinance their jumbo or piggyback financing into a lower-rate conforming loan. You can get more information on the impact of the stimulus bill on housing at www.REALTOR.org. Retrieved from the National Association of REALTORS® at http://narblog1.realtors.org/mvtype/ speakingofrealestate/2008/02/how_your_customers_can_ find_ho.html Editor’s Note: The single-family loan limit for Hillsborough, Pasco and Pinellas counties is currently $222,300, with an estimated new limit of $292,500. The new loan limit for all three counties per Fannie Mae and Freddie Mac, government-sponsored enterprises, (GSE), is estimated at $417,000. We can help you grow your business. At SunTrust Mortgage, our focus is to make the home buying experience as simple and easy as possible. We want you to be able to spend more time selling homes and less time worrying about the financing. We offer: • • • A wide array of products for every type of buyer Marketing support to help bring in new business, including co-branding opportunities Partnership opportunities to extend your business such as a presence at open houses for pre-qualifications and applications Local decision-making and processing Exceptional customer service from start to finish Interested in learning more? Call today! • • 727.726.7065 SunTrust Mortgage, Inc., 901 Semmes Av enue, Richmond, VA 23224 is licensed by the Department of Corporations under the California Residential Mortgage Lending Act; is an Illinois Residential Mortgage Licensee; is a Lender in Massachusetts having Mortgage Lender license #s ML1216, ML0133, ML1432, ML1914, ML1913, ML1815, ML2411, ML1214, ML2442, ML2491, and ML2538; is licensed by the New Hampshire Banking Department; is licensed by the New Jersey Department of Banking and Insurance, toll f ree 1-888 -994 -7864; is a licensed lender in Rhode Island; is doing business in Arizona as Crestar Mortgage, 7250 N. 16th Street, Ste. 100, Phoenix, AZ 85020 and is doing business in New Y ork at 145 Pinelawn Road, Suite 330, Melv ille, NY 11747. ©2005, SunTrust Banks, Inc. SunTrust is a f ederally registered service mark of SunTrust Banks, Inc. Looking to Get Your Name Out There – While Contributing to Your Community? Stay tuned for volunteer opportunities with your Pinellas REALTOR® Foundation by reading PROView Weekly, your weekly email newsletter. PINELLAS REALTOR® ORGANIZATION March 2008 9 http://www.REALTOR.org http://narblog1.realtors.org/mvtype/speakingofrealestate/2008/02/how_your_customers_can_find_ho.html http://narblog1.realtors.org/mvtype/speakingofrealestate/2008/02/how_your_customers_can_find_ho.html http://narblog1.realtors.org/mvtype/speakingofrealestate/2008/02/how_your_customers_can_find_ho.html http://www.buildinghomeconsultant.com http://www.buildinghomeconsultant.com

Table of Contents Feed for the Digital Edition of PROView - March 2008

PROView - March 2008 Contents Chairman's Notes - A Strong Force, Working on Your Behalf Feature - Going Back to Basics: Are You Generating Leads ProActive - Amendment 1 Passes: What Now? What's Next? Finance - How Your Customers Can Find Home Loans Brokerage Design - Reject the Blindfold; Enlightenment is the Way to Go Marketplace Analysis - The Opportunity Market Home Sales Report MLS Update - Changes to Rules & Regulations Now in Effect MLS Mind Your Manners Education - Don't Let Time Run Out: Complete Mandatory Code of Ethics Training Now Calendar of Events & Programs PROBiz - FREE Real Estate Websites! New PRO Members

PROView - March 2008

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