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Loan Options With Low Down Payments – The Jumbo Loan
In the following lines, you will discover three minimum down payment loan types that exceed the conforming loan limit.
They are:
• Jumbo Loan
• Piggyback Loan
•...
The Use of IRA Distribution as Income to Qualify for a Home Loan
When we think of loan qualification, we think of credit scores, debt-to-income ratio, and annual salary totals from a steady career. We rarely think...
Your Guide to Reserve Requirements Related to a Jumbo Loan
With home prices on the rise, especially in markets like New York and San Francisco, it’s common for mortgage loan amounts to exceed the...
Understanding The Condotel Concept
What is a Condotel?
A condotel is a condominium building, usually a high-rise, located in a major city or in a famous resort with an...
Investment Condo: Purchasing a Condo as an Investment Property
Regardless of the real estate seminar or property flipping reality television show that you devote your loyalty, there are two very basic economic objectives...
Can You Afford to Buy a House? Try a Mortgage Calculator with Taxes and Insurance
Buying a house is one of the biggest financial estimates most of us will ever make. As you get older, the idea of purchasing...
Manufactured Housing Loans: What You Need to Know
If you are looking to purchase a manufactured home as your residence, you have many options available.
Understanding the different organizations, as well as the...
What to Expect From a Home Loan on a non-warrantable Condo
The residential mortgage industry has seemingly endless amounts of jargon and abbreviations. Here is what to expect from a home loan on a non-warrantable...
History of Construction Defect Litigation
In 1958 Puerto Rico created the first condominium legislation, effectively making Puerto Rico the first place in the Unites States to start building condominiums.
The...
Financing a Condominium
The loan process for purchasing or refinancing a property that is classified as a “Condominium” can have some additional requirements that in some situations...
