Homebuyers who dream of settling down in the higher-end neighborhoods often rifle through a housing list with prices that go way beyond the allowable loan limit set by Fannie Mae and Freddie Mac. With limited mortgage options available for a high-cost purchase, it’s the prime time to take on a jumbo loan. Reading up on […]
When Is the Right Time for a Jumbo Loan? – What to Know
Los Angeles is one of the most expensive places to buy real estate in. According to Zillow.com, the average price of a home today in this city is $752,508, with a five percent increase from the previous year. That is slightly higher than the loan limits set by federal housing authorities (FHA) on conforming loans. […]
Our Guide to Jumbo Loans When a Conventional Mortgage Isn’t Enough – What to Know
Identifying the type of mortgage that suits your needs and financial capacity is the key to successfully shopping for a home. If you happen to stumble upon a diamond in the rough of the real estate housing market, you may need to jump the big guns and take on a high-value mortgage called jumbo loans. […]
