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Not Just Another Pretty Face

May 29, 2011

At the risk of usurping the name of a fabulous north Jersey band from the 70’s…  The point is that Realtors do more than just help folks through buying and selling real estate.  Through our regional and national associations, Realtors track legislation that impacts homeowners.  Through our Realtor alliances, we try to ensure that regulations empower the consumer to own their own property and keep as much of their tax dollars as possible.

This article recently crossed my desk and I want to share it with you as an illustration of the types of issues we follow and the action we take.  http://www.inman.com/buyers-sellers/columnists/kenharney/draft-bill-would-hike-fha-loan-down-payments-5-slash-loan-limits  This article talks about the proposed plan to increase the FHA required down payment from 3 to 5%.

While I applaud recent efforts to make the mortgage market more accountable and less risky, this change would take home-ownership out of the hands of many who could otherwise afford it.  What do you think? 

Patty Cunningham, Realtor®
Coldwell Banker Preferred 
Exton, PA 19341
O.        610.363.6006
C.        610.659.4669
Lic #RS294054

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