John Meussner, #MortgageMadeEasy Fair Oaks, CA 484-680-4852 (Mortgages in AZ, CA, CO, DE, FL, GA, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI)

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Rainmaker
1,364,224
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

HIghly leveraged, but as long as income is verified (unlike 2000s) we should be OK.  However, only < $750,000 loan interest is tax deductible...  It will be interesting.

Nov 30, 2021 03:31 PM
Ambassador
3,389,177
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Thank you John!

Nov 30, 2021 02:26 PM
Rainmaker
5,767,421
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Thank you for sharing this information.  A

Nov 30, 2021 01:58 PM
Ambassador
3,147,501
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Thank you for sharing this information. 

 

Nov 30, 2021 01:46 PM
Rainmaker
1,005,084
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Yes, I have seen the new limits. Upwards and onwards!

Nov 30, 2021 03:39 PM
Rainmaker
1,049,742
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

No, I hadn't. Mindboggling isn't it?

Nov 30, 2021 04:22 PM
Rainmaker
2,685,002
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Here we go....

Nov 30, 2021 04:06 PM
Rainmaker
2,052,223
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Not yet

Nov 30, 2021 03:50 PM
Ambassador
4,724,786
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the update...hadn't heard yet. That's a big number!

Nov 30, 2021 07:39 PM
Rainer
65,903
Compare Closing LLC
Compare Closing LLC - Dallas, TX
Let the lenders compete for your business!

Please visit the link for your information:

https://www.compareclosing.com/mortgagenews/expansion-of-loan-limits-in-2022/

Jul 05, 2022 03:10 AM
Rainmaker
809,858
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Yes, some markets need it. Prices here have gone up and our first time homebuyers are having to spend almost $500k to get a house. Of course, they are often people who have been working for years. 

Dec 02, 2021 06:18 AM
Rainmaker
566,802
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I id actually see that information from another Lender who updates me regularly ... but thank you for sharing this.  I appreciate staying informed by those IN THE KNOW! 

Dec 01, 2021 10:58 AM
Ambassador
1,878,784
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Great. Now all I have to do is find $50K and 10 friends to share the mortgage payment.  😁

Dec 01, 2021 09:43 AM
Rainmaker
5,272,969
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have several lenders with my email, and the inbox has been pretty full!  

Dec 01, 2021 08:40 AM
Rainmaker
4,517,720
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Thanks much for the update!

Dec 01, 2021 04:30 AM
Ambassador
2,762,842
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Guess the lending industry is becoming less risk averse. Uh...ok then!

Nov 30, 2021 06:25 PM