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5 Ways to Buy a Million Dollar Home

The housing market has never had a period where the percentage of all-cash buyers are one-third of all purchase in loans under the jumbo loan limit.  With all the hoops borrowers have to jump through for conforming Freddie and Fannie Mae products, they simply paid cash. In the non-conforming category, all-cash buyers represented 36% of Read more about 5 Ways to Buy a Million Dollar Home[…]

Lenders Becoming More Lenient in Healthy Housing Market

Since the housing market is returning to a healthier condition, investors are increasingly taking notice of the high-end of the market which includes borrowers who use jumbo mortgage products. On the rise in this sector are more underwriting approvals and loan closings, while on the down side the minimum credit score to qualify for non-conforming Read more about Lenders Becoming More Lenient in Healthy Housing Market[…]

Increasing Leverage On A Multi-Million Dollar Home Purchase

In accordance with a new jumbo loan program, we break down a lending example below for home buyers in the high cost home markets. Financing scenario: Purchase Price: $2 million; First loan: 80 percent loan-to-value (LTV) maximum, Second loan: 5 percent; combined LTV of 85% for 15% down payment. Loan Highlights: Time to close 25-day Read more about Increasing Leverage On A Multi-Million Dollar Home Purchase[…]