New Year, New Goals, Bigger Loans in 2022

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New Year, New Goals, Bigger Loans in 2022

If you’re like me, you’ll be looking forward to a little rest and relaxation time this holiday season.

Everyone I know in the real estate space has been working long hours to help clients buy, sell or refinance property this year.

While celebrating records or personal bests are fun, this is the time of year to start thinking about what you’ll do differently next year.

It’s time to plan on making 2022 an even better year than 2021!

First Up: Higher Loan Limits

Everyone has noticed the increase in property values over the last few years, including the government.

The FHFA is required by law to monitor home affordability and make changes as needed. This year, they’ve announced massive increases in the conforming loan limits which will make it easier than ever for consumers to get larger loans.

We will definitely be able to use these new guidelines here in metro NOLA.

New Loan Limits for 2022:

New Year, New Goals, Bigger Loans in 2022

*VA loan limits with $0 down also rise to $647,200. Large VA loans are available with a down payment. The down payment is 25% of the difference between the sales price above and $647,200.

Example: If a home has a sales price of $800,000 this would be the equation:

($800,000 – $647,200) * 25% = $38,200 down

Next Up: Reflection & Planning

No matter what kind of year you had, we want to help you make 2022 even better.

Some colleagues we worked with had banner years. But they’re already feeling the pressure to make those numbers again next year or even beat them.

And other people we know haven’t had record years and are wondering what they did wrong, or what they need to do differently next year.

Either way, we’re here to help.

Let’s schedule a time to recap your year and I’ll share with you some strategies to make 2022 YOUR personal best year ever.