• Jumbo Loans

  • Consumers need to properly evaluate both sides of the jumbo loan coin to ensure that the loan is right for them and their housing needs. Some pros to securing a jumbo loan include:

    •Jumbo loan mortgages are just as easy to secure as conforming loans as long as the applicant has a good credit history  and meets the income guidelines necessary.
    •Jumbo loan mortgages can help finance the purchase of a dream house sooner than later.

    The disadvantages of opting into a jumbo mortgage rate include:
    •Jumbo loans are considered to be a higher risk than traditional mortgage rates. Lenders will charge borrowers more in the form of higher interest rates for the privilege of borrowing larger than average sums of money.