Hawaii Real Estate In The Current Housing Market

(No Ratings Yet)
Loading...Loading...

Paradise Deferred – S. Elliott If you’ve ever thought about getting away from it all and moving to paradise, you’re not alone. The dream of perfect weather and carefree living has inspired many of us to toss out our ice scrappers and head for the islands, but living in paradise these days may require some […]


Other Types Of Mortgages

(No Ratings Yet)
Loading...Loading...

In addition to the traditional fixed rate mortgage and the adjustable rate mortgage we all know about, there are some other types of mortgage instruments that are not so well known. This article details a few of those less-than-traditional mortgage methods. Jumbo mortgage: A jumbo is nearly always considered a non-conforming loan because it exceeds […]


What Is A Jumbo Mortgage

(No Ratings Yet)
Loading...Loading...

A jumbo mortgage means a larger than normal size mortgage. While getting a jumbo size anything usually means getting a good deal – especially when it comes to hamburgers and fries – it may not mean the best deal in the case of mortgages, however. Here are a few things you need to know about […]


Jumbo Mortgage Loans Things You Should Know

(No Ratings Yet)
Loading...Loading...

The definition of a “Jumbo Mortgage” is a mortgage loan whose total amount is higher than the standard conventional limits. Jumbo loans are simply mortgages for higher-than-normal loan amounts. The gold standard of “normal” in the lending industry is what is called a “conforming, conventional” loan; that is, a loan that conforms to the secondary […]


3 Things To Know About Jumbo Mortgage Loans

(No Ratings Yet)
Loading...Loading...

A jumbo mortgage loan is one whose total amount is over $417,000 – Loans above this threshold are only slightly different than those below, yet those differences can be dramatic to borrowers unfamiliar with such a marketplace. It is also important to note that the ceiling for standard mortgage loans as opposed to Jumbo loans […]


Jumbo Mortgage Rates

(No Ratings Yet)
Loading...Loading...

Mortgage rates such as Jumbo rates vary quite a bit. Jumbo loans often provide you with options such as fixed-rates. Still, the fixed rate options vary. Sometimes these rates change. Usually the rates established are based on the changes in the Treasure Bill Rates, Truth in Lending Laws, and lastly the common market rates. Jumbo […]


The Current Status Of Jumbo Loans

(No Ratings Yet)
Loading...Loading...

Are you thinking about purchasing a house that costs more than $400,000? Unless you are planning to make a significant cash down payment on your new home, it is likely that you will need to apply for a jumbo loan. A jumbo loan is simply a home loan for property in the continental United States […]


Volatile Mortgage Market

(No Ratings Yet)
Loading...Loading...

So what is going on with all the mortgage companies? Either they shutting their doors down or some of them stopped funding loans. For one, it all started with Alt-A mortgage loans and jumbo loans. Alt-A are loans which were made to borrowers whose credit score was not so perfect, that is right below 640 […]


Jumbo Loans Are Now Commonplace In America

(No Ratings Yet)
Loading...Loading...

When most people want to buy their dream house, they usually need what is known as a jumbo mortgage. A mortgage is deemed jumbo when it exceeds a certain dollar limit as set by Fannie Mae and Freddie Mac. These two secondary market lenders will only cover loan values under $729,750, which is the new […]


Jumbo Loans A Different Way To Manage Your Mortgage

(No Ratings Yet)
Loading...Loading...

Interest only jumbo loans are a unique concept for borrowing, whether for a house or another major purchase. A traditional loan requires that each and every month monies be paid toward interest and principal. Interest only jumbo loans require payment of interest each and every month, but payment of principal is optional. Who can benefit […]


What The Heck Is A Jumbo Mortgage Loan

(No Ratings Yet)
Loading...Loading...

You may have heard of the term jumbo mortgage loan and wondered what it means. Well, in this short article I will take you through the meaning and why it is important for you to understand it. In basic terms, if a mortgage loan exceeds a certain amount, it is considered a jumbo mortgage loan. […]