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 …
Tag Archives: Jumbo Home Loan
Jumbo Mortgage Update
Posted 81 days ago by Posted in Mortgages, News Tagged Jumbo Home Loan, jumbo mortgage, Mortgage, super-jumbo loans No Comments
Mortgage Foreclosures Decline & Rates Stable
Posted 361 days ago byShareMortgage-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 …
Posted in Mortgages, News Tagged foreclosure, interest rates, Jumbo Home Loan, mortgage rate, super-jumbo mortgages No Comments
Interest-Only Jumbo Loans
Posted 379 days ago byShareWhy 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 …
Posted in Mortgages, News Tagged interest-only jumbo loans, Jumbo Home Loan, jumbo mortgage, mortgage credit conditions, self-employed No Comments
Mortgage Rules – Ever Changing
Posted 381 days ago byShareIt 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 …
Posted in Mortgages Tagged Credit Markets, Fannie-Mae, Freddie-Mac, Jumbo Home Loan, jumbo mortgage, Mortgage, super-jumbo loans, super-jumbo mortgages No Comments
The Importance of Comparable Sales for Your Mortgage
Posted 391 days ago byShareIn 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 …
Posted in Mortgages, News Tagged appraisal, appraisals, comparable sales, Jumbo Home Loan, jumbo mortgage, Mortgage, purchase, refinance, super-jumbo loans, super-jumbo mortgages No Comments
Mortgage Rates & Credit Scores
Posted 394 days ago byShareYour 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. …
Posted in Mortgages, News Tagged Credit Markets, FICO Scores, Jumbo Home Loan, jumbo mortgage, Mortgage, super-jumbo loans, super-jumbo mortgages No Comments
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 410 days ago byShareJumbo Loans or Jumbo Mortgages are those that exceed the conforming limits of Fannie-Mae and Freddie-Mac, which are currently set at $417,000 – if you have a loan above this amount your loan is considered a Jumbo or Non-conforming Mortgage. …
Tagged Jumbo Home Loan, Mortgage, mortgage credit conditions No Comments
Jumbo Loans – Making a Comeback!
Posted 420 days ago byShareAfter 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 …