Jumbo Loans

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…

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…

If you are looking to purchase a home that is more on the expensive side, you may be wondering if there are loan options large enough.  Conforming loans typically must adhere to the limits and requirements set by Fannie Mae and Freddie Mac. In most areas, the conforming limit is $647,200. Whereas, jumbo loans do…

When it comes to buying a home, it’s important to identify the type of mortgage that best suits your needs. If you are looking at a bigger, more expensive home, a jumbo loan may be the right mortgage option for you.  A jumbo loan is considered a “non-conforming loan,” because it surpasses the conforming loan…