What Every Borrower Must Know About Jumbo-Loan Amounts
How big is a jumbo loan? That’s a simple question with a rather complex answer. Because of the differences in markets, there is no single answer for the entire country. Therefore, if you need a
How big is a jumbo loan? That’s a simple question with a rather complex answer. Because of the differences in markets, there is no single answer for the entire country. Therefore, if you need a
We all need a little help sometimes. When it comes to mortgage qualification, this help can often come in the form of a financial gift. Giving gifts money from a donor’s business is fairly typical,
Avoiding FHA mortgage insurance can be tough, but it’s not impossible. When you apply for your first mortgage loan, you might be surprised to see all the additional fees and expenses. Suddenly the number you
For most homebuyers across the country, a conventional loan is enough for their purchase. However, in high-market areas like San Diego, large sums of money are needed to purchase even a moderate home. After all,
One of the largest hurdles towards home ownership is the down payment. With tight budgets and high costs of living, it can be tough for hard-working people to save enough money to have a substantial
Understanding the details of mortgage qualification is crucial to long-term financial success. You don’t have to be a mortgage guru, but you do need to understand the various details that affect how you qualify. Recently,
One of the most important factors when seeking a loan is your debt-to-income ratio. Whether it’s car loans, mortgages, or business loans, lenders want to see a healthy ratio with less debt and more income.
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 of the money locked in an Investment Retirement Account (IRA), 401(k),
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 conforming and high balance conforming loan limits as set by regulation.
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 eligibility requirements, can help you get the right loan for
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 condo. When it comes to the purchase or refinance of a
Chad Baker
Originating Branch Manager
NMLS #329451
858-353-8331
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