LA Beach Business Council

LA Beach Business Council Presents:

"Making the Most of the Mortgage Mess"
With Certified Mortgage Planning Specialist Joe Ruymen

Thursday July 24, 2008 - 6:30PM
3625 Del Amo Blvd. Suite 360 Torrance, CA 90503

Join us for this community town hall event:

• New Home Financing Options
• New FHA Guidelines that benefit buyers and sellers
• Down Payment Assistance Programs
• First Time Home Buyer Information Packets
• Tax Advantages
• Finding the best deals in our current real estate market
• How to get a list of REO and foreclosed properties
• Helping family and friends who could be facing difficulty with their mortgage payments

RSVP with: Nancy Franco | (310) 406-3515 | NFranco@RPM-MTG.com

For additional information about joining the LA Beach Business Council call: (310) 745-1600

Mortgage changes can save you money

The Economic Stimulus Package that was signed into law included an immediate increase in both the FHA and conforming loan limits to as high as $729,750 in our high cost LA Beach neighborhoods.

This means that the interest rates on many mortgages will go down because these loans are now eligible to be purchased by Fannie Mae and Freddie Mac or insured by the Federal Housing Administration (FHA). Previously, the FHA was only allowed to insure loans with balances lower than $200,160 - $362,790, depending on the county where the property was located.

What does all of this mean for you?