Like their names, jumbo home mortgages and super jumbo home mortgages are large and even larger. In some counties in the U.S., a jumbo mortgage is any mortgage bigger than $484,350. This isn’t the case in Los Angeles and Orange counties. As higher-priced real estate markets, jumbo mortgages on single-family homes
How Many Home Offers Face Bidding Wars? According to recent Redfin data, three out of every five property proposals faced bidding wars in December 2021. Their data revealed that 59.6% of home offers filed by Redfin agents in the United States were subject to bidding wars, the lowest proportion in a
For most people, buying a home is the single largest purchase they’ll ever make. It’s worth it to get the best 30-year mortgage interest rate you can. Just one more percentage point of interest and you will pay thousands of dollars more for your home over the course of a 30-year
Veterans have some amazing financial news as a New Year’s gift: the long-standing county VA loan limits will be completely lifted. A qualified veteran can now borrow as large a VA home mortgage as they can afford and need without worrying about loan limits. The current VA mortgage cap of $726,525
If you can reduce your mortgage payments by refinancing and lock in a payment you know you can afford, you should consider refinancing. Here are a few financial tips for mortgage refinance that fit the current financial climate: Do you have high-interest debt you’re working to pay off? You may owe
You may see financial advice that encourages you to take out a 15-year mortgage in preference to a 30-year fixed rate mortgage. The reasons for this advice vary, but include lower amount of interest paid over the course of the loan, paying off your house sooner, and building equity in your
