Tag Archives: Jumbo Home Loan

Jumbo Mortgage Update

Posted ago by Cary Cox

ShareWhen discussing the state of the jumbo mortgage the phrase comes to mind, “Progress not perfection.” Along those lines there has been a lot of progress in the jumbo mortgage market though it’s not perfect, it is a lot better …

Mortgage Foreclosures Decline & Rates Stable

Posted ago by Cary Cox

ShareMortgage-foreclosure activity decreased in April for the seventh straight month, bringing total foreclosure activity to a 40-month low, according to a new report from RealtyTrac.  Like any news story there is always the “Headline” story and the “Real” story. The …

Interest-Only Jumbo Loans

Posted ago by Cary Cox

ShareWhy do intererst-only jumbo loans make sense  in today’s mortgage market? There are many reasons to use the interest-only feature on a jumbo loan, but first let’s look at the characteristics of the jumbo loan borrower. The jumbo loan borrower has …

Mortgage Rules – Ever Changing

Posted ago by Cary Cox

ShareIt seems that mortgage underwriting guidelines change as often as the weather in Houston, Texas and that’s a lot. Why the constant change in mortgage underwriting for conforming mortgages, jumbo mortgages, and super jumbo mortgages? Two reasons, risk management and …

How Can I Be Sure That I Will Be Listing With a Superior Agent?

Posted ago by Cary Cox

ShareTo help you answer this question, Flagstone Financial in association with By Referral Only has listed thirteen questions you can ask prospective listing agents. The answers to these questions should tell you how professional the agent is compared to others in …

The Importance of Comparable Sales for Your Mortgage

Posted ago by Cary Cox

ShareIn today’s mortgage market once you know you are credit qualified for a conforming mortgage, jumbo mortgage, or super jumbo mortgage the most important thing to have is making sure that your property you are purchasing or refinancing has good …

Mortgage Rates & Credit Scores

Posted ago by Cary Cox

ShareYour mortgage rate is heavily influenced by your credit score. Whether you have a conforming mortgage, jumbo mortgage, or super jumbo mortgage the fact of the matter is the higher the score the better your interest rate on your loan. …

Becoming Lendable in Today’s Mortgage-Market For Self-Employed Borrowers –

Posted ago by Cary Cox

ShareThe underwriting guidelines for mortgages have changed over the last couple of years. The biggest change is the elimination of stated-income loans. These types of mortgages are gone and they are not coming back any time soon and most likely …

Jumbo Mortgages

Posted ago by admin

ShareJumbo Loans or Jumbo Mortgages are those that exceed the conforming limits of Fannie-Mae and Freddie-Mac, which are currently set at $424,100 – if you have a loan above this amount your loan is considered a Jumbo or Non-conforming Mortgage. …

Jumbo Loans – Making a Comeback!

Posted ago by Cary Cox

ShareAfter the real-estate crash a few years back jumbo & especially super-jumbo loans became almost as rare and hard to find as the Do-Do bird. That’s not a good thing if your loan size is over the conforming-loan limit of …