Mortgages, loans, financial matters

There are ways to minimize the higher interest rates of jumbo loans. Unfortunately, most lenders prefer to keep this a profitable secret. Obviously, the buyer can always make a larger down payment so that the loan amount finally required fits within the conforming limit. Depending on the sales price of the home, however, this can [...]

Non-conforming loans such as jumbo programs are usually sold to the secondary mortgage market in much the same way as conforming loans are sold through Fannie Mae and Freddie Mac. Instead, it is usually private financial institutions who purchase from lenders across the nation those non- conforming loans that meet each institution’s guidelines. That private [...]