With the pending change in loan limits from $417 to $625 many changes to our market place should occur. The first positive outcome will be the increase in being able to purchase a higher value of real estate at a lower overall interest rate cost. Currently the max amount at the best interest rate is $417 K with the difference in rate at almost 1.00 to 1.25 %. The current way a buyer would need a combination 1st and 2nd with a overall higher rate due to the extra cost of the 2nd mortgage.
