President Bush signed into law the economic stimulus package we have all heard about. Even the IRS said today that they will begin mailing checks in May for those who filed 2007 taxes, so make sure you file this last year if you haven't been. It is "free" money after all, right?
Are you excited to get your money and rush out and spend it? Are you excited that you can turn your jumbo loan rates into a new conforming loan (limited time offer, contact me for application), maybe even take some equity out so you can rush out and stimulate the economy even further?
I don't know about you, but my money is not going to be spent, rather I will invest it wisely, that way it will actually mean something in the future.
So, what changes occurred that Floridians should know about?
Well, you may qualify for up to $1,800 rebate, or more. That's pretty cool, even if the rebate is only $300. So, you need to decide what you "should" do with that money and not just blow it.
Conforming loan limits have been temporarily increased. That means you may qualify for refinancing your high jumbo rates for a lower "conforming" rate. I would be happy to help you determine if this is truly in your best interests, as it may not be in reality.
I am not going to get into the nitty-gritty details here as the post would just drag on. If you want to know more on how the stimulus package can benefit you, especially as it pertains to your mortgage, contact me and I will be happy to assist you.
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