- Fairway Independent Mortgage has new options for Jumbo loans (loan amounts over $417,000)!
- Mortgage rates have been on the move upward.
- Want to be more productive, reduce stress, be more efficient, have more success and be happier? Join us May 22nd from 6:30-7:45pm for one of our more popular classes. This one is open to everyone, not just Realtors, so invite friends. Register here: http://www.fairwaypa.com/register
Tuesday, May 14, 2013
Jumbo Options, Moving Mortgage Rates and Happier Success
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If you have secured a jumbo loan, you are probably a high-end homebuyer with an expensive house that required a higher-than-average home loan. Also known as a non-conforming loan, this differs from a conforming loan in significant ways. Unlike conventional loans, which meet certain guideline requirements established by the government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae, jumbo or non-conforming types of loans exceed the maximum loan amount allowed, making these loans harder to obtain (and only at higher interest rates). Tulsa mortgage
ReplyDeleteGood response and good further clarification Warner Carter.
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