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. […]
Understanding the Difference Between a Jumbo Loan vs. Conventional Loan – Our Guide
House prices in multiple areas in the U.S. continue to spike up, which is why home buyers are looking for alternative loan options as regular mortgages are no longer enough to finance their dream home. That’s where jumbo mortgages come into play, which covers for loans that exceed the limits set the by the enterprises […]
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. […]
