Jun
10
Taming the Jumbo Mortgage-Strategies for San Ramon Valley Homes
Posted by Keith Cuddeback under For Buyers, For Sellers, For Realty Professionals, General Information, Financing Real Estate
Taming the Jumbo Mortgage - Financing Solutions with David Reed
Team Advantage is happy to offer a great article on jumbo loans from David Reed - the author of Mortgage 101 and Mortgage Confidential:
Everyone knows the jumbo loan market has been out of whack for nearly 18 months. “jumbo” loans, those amounting to more than $417,000, took it on the chin when mortgage investors stopped buying subprime and alternative loans. For that reason, jumbo rates can be as much as 1.50 percent higher than conforming rates. Historically, jumbo rates were only about a quarter of a percent higher than a conforming rate, but this new spread Read the rest of this entry »

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