3 Tips for Qualifying for a Jumbo Loan

Posted on

If the amount of your mortgage loan exceeds $424,100 ($625,500 in highly competitive real estate markets), it will be classified as a jumbo loan and subjected to stricter approval and underwriting requirements. This is because these loans exceed the maximum limit for loans that you may purchase from lenders, requiring banks to take all the risk of financing them. If you find you’re getting approved for a jumbo loan, here are three things that may help.…

Read More »

How To Position Yourself For The Best Rate On Your Next Mortgage

Posted on

A house is a purchase that needs to be made with a great deal of planning. If you can help it and you have the time, you should avoid rushing into it because doing so can cause you to end up with harsh loan terms. You want to position yourself so that you will be seen in the most favorable light by the lending agency. The best way to do this is to be prepared.…

Read More »

Qualifying For A Home Loan

Posted on

Qualifying for a home loan is a process that should not be taken lightly. It is a major financial investment, and it requires a lot of time, effort, and paperwork. The good news is that there are a few different things that the lender is going to look for in getting you qualified. Here are a few different things that you can do to help your chances of getting approved for a home loan.…

Read More »