Peter Dazeley/Getty Images Do you need a mortgage pre-approval letter to make an offer on a house? You know you need to get your ducks in a row before looking at homes, but does that include securing a pre-approval letter from the bank? The truth is, getting pre-approved can actually improve your chances of falling into the sellers’ good graces, so you want […]
What is a Jumbo Loan?
Understanding How Jumbo loans Work A jumbo mortgage is any mortgage that exceeds the conforming loan limit of $424,100 for a single-family home in most areas of the United States. In certain high-priced areas, the loan limit is $636,150. For instance, in Los Angeles, the limit is $636,150, and in Honolulu, the limit is $721,050. […]
- « Previous Page
- 1
- …
- 5
- 6
- 7