The state of California has several areas with higher home prices as compared to others across the country. In many places of California this can require securing a jumbo loan to purchase a home. What is a jumbo loan? A jumbo loan is a loan that lends out a larger sum...
When you are hoping to purchase a home for a larger amount of money requiring you to apply for a larger mortgage, a traditional conforming loan may not be enough. You may need to look into borrowing a jumbo loan. For most real estate areas, a jumbo loan is needed for...
What is a Debt Service Coverage Ratio (DSCR) Loan? A debt service coverage ratio loan, or DSCR is a helpful option to finance real estate investments. The real estate investment market has been promising for many and intriguing for some as it has been seeing a...
A new bipartisan bill currently in the House of Representatives that is called the HELPER Act is aiming to help teachers and first responders that worked hard to keep things going with adverse measures during the height of pandemic shutdowns get into a home with a...
A blanket mortgage is a single mortgage that covers multiple different properties. The group of assets serves as collateral for the loan. Many real estate developers and large investors often purchase more than one property at a time and a blanket mortgage allows them...
A jumbo mortgage is one that loans out a larger amount of money than the highest amount allowable to loan out for a conforming or conventional loan. Currently, jumbo mortgage interest rates are at a 25 year low and their current rates are even lower than traditional...