Sentences with phrase «means jumbo loans»

More expensive homes, bigger mortgages Property values are rising in most markets, and that means jumbo loans have become more important.

Property values are rising in most markets, and that means jumbo loans have become more important.

Not exact matches

However, in some counties with pricey real estate, the conforming loan limit is as high as $ 636,150, meaning that buyers can take out mortgages up to that amount before their mortgage is a considered a jumbo loan.

This means that if you take out a home loan anywhere in the state that exceeds $ 417,000, you will be taking out a jumbo loan.

A jumbo loan is larger, which means taking on a larger financial burden.

A jumbo loan, for example, can be conventional (which means it is not insured or guaranteed by the federal government) but non-conforming due to its size.

The inability to refinance these homes with big conventional loans would have meant that buyers could only finance such properties with jumbo financing.

That means any bank making a loan in Toronto or Vancouver where so many places go for over $ 1M is going to have to keep that jumbo loan on their books.

If limits are lowered, this could mean that more borrowers will need to turn to jumbo loan financing.

The jumbo reverse mortgage provides better loan - to - value ratios, which means borrowers receive more money as a percentage of their home value.

Even if the two sections cited here had passed, investor demand for jumbo loans would have meant that such financing was only available at a premium rate, something which would do little to help struggling homeowners.

Meaning you can utilize any combination of financing with piggy - back financing a jumbo loan.

And overtime their innovative worldview has meant expanding into other areas, with their offerings now including everything from jumbo mortgages and personal loans to online term life insurance and wealth management.

All else being equal, this means that it may be harder to qualify for a jumbo loan from some lenders.

That means if you take out a home loan that is over $ 417,000, you will have what is considered a jumbo loan which comes with higher interest rates.

A jumbo loan, for example, can be conventional (which means it is not insured or guaranteed by the federal government) but non-conforming due to its size.

In most of the United States the conforming loan limit is $ 424,100, meaning that buyers can take out a mortgage up to that amount before it is considered a jumbo loan.

«We continue to see very little to no secondary market activity,» he says, meaning smaller lenders that can't afford to hold jumbos in their portfolios remain financially unable to make the loans, at least in significant volume.

And that means many home buyers suddenly need a jumbo loan to qualify for the homes they want.

This means that more than half of all homes sold in Portland recently fall below the jumbo loan threshold.

In theory, this would also mean that home buyers in and around the city should have plenty of properties to choose from, without having to use a jumbo mortgage loan.

However, in some counties with pricey real estate, the conforming loan limit is as high as $ 636,150, meaning that buyers can take out mortgages up to that amount before their mortgage is a considered a jumbo loan.

This means that if you take out a home loan anywhere in the state that exceeds that, you will have what is known as a «jumbo loan.»

That means that more California mortgages are «jumbo loans,» a.k.a. loans that exceed the conforming loan limit.