Tag Archives: jumbo mortgage

New Mortgage Rules & Loan Limits

Posted ago by Cary Cox

ShareThe mortgage business is one that is in constant flux with the governement, regulators, and lenders trying to fine tune the mortgage market so that we never have another mortgage-implosion like we did late in the last decade. The one constant …

Qualifying For an FHA Mortgage

Posted ago by Cary Cox

ShareThere are different qualifying criteria for different types of each mortgage product. It is important that you know the important criteria for the mortgage product you select. Of a conventional mortgage, jumbo mortgage, super-jumbo mortgage, the FHA mortgage is the …

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 …

Houston, TX Mortgage Update

Posted ago by Cary Cox

ShareWhat a year it has been for the real estate and mortgage industry both nationwide and locally here in Houston, TX.  While mortgage rates are pretty much for the most part set nationally, real estate prices are definitely tied to …

Home-Improvement Mortgages

Posted ago by Cary Cox

ShareIt looks like with the state of the economy many people today are opting to remodel or renovate their existing home rather than put it on the market and buy a new one. According to BuildFax via Linkedin remodeling has …

IRS Tax Tips for Homeowners

Posted ago by Cary Cox

ShareNot only do you have to report your mortgage interest to the IRS to get your mortgage interest deduction on your home, but there are several items to consider tax-wise when selling your home or any property. The Internal Revenue …

Non-Recourse Commercial Mortgages

Posted ago by Darren Smith

ShareMany commercial borrowers are asking why lenders are requiring loans with recourse and personal guarantees attached to all commercial mortgages currently.  The answer lies in the 2008 meltdown ofthe financial industry lending markets. Prior to this meltdown, securitization of commercial …

Qualifying For a Jumbo-Mortgage

Posted ago by Cary Cox

ShareJumbo Mortgages all but disappeared from the market it seems since the financialand mortgage-market meltdown of 2008. Though more recently more and more lenders and banks that offer mortgages are moving back into the jumbo-mortgage arena, albeit has been a …

Mortgage Rates – Jumbo Loans

Posted ago by Cary Cox

ShareMortgage rates are very near all-time lows in the history of the mortgage market when it comes to conforming/conventional mortgages. Even though mortgage rates are very low consumers wonder why jumbo mortgage rates while still very low as well are …

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 …