home in a nice green area prime for a refinance

While Mortgage Refinancing Slows, One Sector Remains Hot

Consumer demand as a whole for refinancing has dropped with higher interest rates and this has impacted the once immune jumbo mortgage borrowers as well. In many housing markets across the country, jumbo mortgages exceed $417,000, and are usually higher than $625,500 in designated high-cost markets like San Francisco, Los Angeles, Bethesda or certain counties Read more about While Mortgage Refinancing Slows, One Sector Remains Hot[…]

Who Else is Thinking About Refinancing to Remove FHA Mortgage Insurance?

Getting into a home with just 3.5% is truly using leverage to your advantage.  And doing that in a high-cost competitive market like L.A. or Orange County, CA is even more advantageous depending on what type of market cycle you are in, a buyers or seller’s market.  However, with a low down payment comes mortgage Read more about Who Else is Thinking About Refinancing to Remove FHA Mortgage Insurance?[…]

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[…]