Archive for May 2022
Jumbo Loans: What Are They and Do They Cost More?
If you are looking to buy a home, you need to consider which type of mortgage you’re going to use. You could go with a regular conforming mortgage, but if you want a more expensive home then you will probably need a jumbo mortgage. A jumbo mortgage is a loan that exceeds the Federal Housing…Read More
Interest-Only Jumbo Mortgages
As a qualified borrower, you can take advantage of lower, interest-only monthly payments at the start of your loan. This allows you to have more money in your budget for other expenses, improvements, or investments. Interest-only mortgages help borrowers qualify for bigger loan amounts, while also freeing up funds during the interest-only period of the…Read More