**BREAKING News**Breaking News** BUYER ON THE FENCE? May Be Time to Jump Off!!

NEWS: BIG news on the FHA front. If you have possible FHA buyers shopping around, (or if you are one!) they need to get into contract ASAP – Come Sept 7th there are some MAJOR changes happening. The govt’s way of ‘helping’ is actually ‘hurting’ …are you surprised?

Example:

FHA TODAY: FHA ON 9/7/10:

Base Loan $150,000.00 $150,000.00

+ FHA financed prem $3,375.00 2.25% $1,500.00 1.00%

Total Loan Amount $153,375.00 $151,500.00

P&I Payment $ 777.13 $767.63

**+FHA monthly factor $ 70.29 *0.55% $123.72 *0.98%

Monthly Pmt $ 847.42 $891.35

Monthly Difference $ 43.93

Qualification Difference $8,670.00

Look what that does to the buyers qualification!

So if they were qualified for $150k now it’s only $141k

BUYERS NEED TO MOVE NOW!!!!

Have a Great Day and Be Happy! Remember, just about everyone you meet is going thru some kind of trial in their life – Be extra nice to Everyone!

This information supplied by:

DeLynn Gaston

**mortgage interest rates are Amazingly in the 4's**

Open Mortgage dba

Blue Marlin

727-939-8453 office

727-412-1617 cell