Bills.com launches Know Your Limits programMortgagePress.comhigher-limit loans, economic stimulus package, Freddie Mac, Fannie Mae, FHA
Bills.com is set to launch
its Know Your Limits program, designed to help homeowners determine
if they are eligible for new, higher-limit loans passed in the
economic stimulus package.
Determining eligibility for the new loans can be challenging,
says Ethan Ewing, president of Bills.com. With the Know Your Limits
program, applicants can complete a form and receive an immediate
assessment of their eligibility for Freddie Mac/Fannie Mae and Federal Housing
Administration (FHA) loan limits, as well as up to four lender
matches for their specific situations.
As part of the Know Your Limits program, Mortgage Brokers and
lenders can reach homeowners eligible for the new loans quickly and
easily. The FHA Select program will match lenders and brokers with
applicants whose desired loan amount is below the FHA loan limit
for their county of residence.
Based in San Mateo, Calif., Bills.com is a consumer education
services company. For more information, visit www.bills.com.