A jumbo mortgages is a home loan that exceeds the limits set by Fannie
Mae and Freddie Mac.
How are jumbo loans different?
What differentiates jumbo mortgage loans is the loan amount. At present, loan amounts that are higher than $417,000 are usually deemed jumbo mortgages. This determination is made by comparing industry standards fo Read the rest of this entry »
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Posted by admin in mortgage, tags: Alt-A, banks, Bear, Chase, economy, estate, Fargo, foreclosure, Lehman, loan, mortgage, Mr, real, recession, Stearns, Subprime, Wells
Question: “What’s the biggest financial investment most Canadians will ever make?”
Okay, that may have been an easy one if you read the headline of this column. For most Canadians, their home is their biggest investment – and their most powerful financial tool.
It’s odd – given the importance of the mortgage decision – that many homebuyers will spend much more time deciding on which mutual funds Read the rest of this entry »
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Mortgage brokers are blossoming in the current environment and are gaining an increasing share of the mortgage market. This is great news because you should consult with a mortgage professional when you’re making one of the most important financial decisions of your life. But, keep in mind, that not all mortgage brokers have the same level of training and experience.
That’s why it’s such great news for Canadians that the mortg Read the rest of this entry »
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