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What else can I help you with?
Where can one compare jumbo loan rates?
One such place is on the Mortgage Calculator online or at the BankRate website. These feature descriptions and online calculators for learning about and then comparing these jumbo loan rates.
How do you convert a conventional loan to an FHA loan?
One cannot directly convert a loan from one type to another. Rather, one must complete a refinance (in this case, without cash out) to move from a conventional loan to an FHA loan.
What is the benefit of a jumbo mortgage rate?
A jumbo mortage loan is one that covers more than the loan limit that is convention. There is not very many advantages to getting a jumbo loan because the rates are much higher, it only allows you to take more money out than otherwise.
What is the difference in Conventional loan verses credit card loan?
The primary difference between a conventional loan and a credit card loan is that a conventional loan is given to you in one lump sum whereas a "credit card loan" or line of credit can be drawn down as needed rather than in one lump sum. You can find out more about business lines of credit by visiting www.businessloc.com
What are the advantages of jumbo home mortgages?
A jumbo home mortgage loan is one that is over the standard loan limits set by government sponsored lenders such as Freddie Mac. The biggest advantage to this type of loan is the borrower is allowed to borrow more and is able to purchase a more expensive house.
Can you get two conventional loans instead of one jumbo loan?
No.
Where can one compare jumbo loan rates?
One such place is on the Mortgage Calculator online or at the BankRate website. These feature descriptions and online calculators for learning about and then comparing these jumbo loan rates.
How do you convert a conventional loan to an FHA loan?
One cannot directly convert a loan from one type to another. Rather, one must complete a refinance (in this case, without cash out) to move from a conventional loan to an FHA loan.
What is the benefit of a jumbo mortgage rate?
A jumbo mortage loan is one that covers more than the loan limit that is convention. There is not very many advantages to getting a jumbo loan because the rates are much higher, it only allows you to take more money out than otherwise.
What is the difference in Conventional loan verses credit card loan?
The primary difference between a conventional loan and a credit card loan is that a conventional loan is given to you in one lump sum whereas a "credit card loan" or line of credit can be drawn down as needed rather than in one lump sum. You can find out more about business lines of credit by visiting www.businessloc.com
What are the advantages of jumbo home mortgages?
A jumbo home mortgage loan is one that is over the standard loan limits set by government sponsored lenders such as Freddie Mac. The biggest advantage to this type of loan is the borrower is allowed to borrow more and is able to purchase a more expensive house.
How do you quality for jumbo mortgage rates?
A jumbo mortgage is one in which the loan amount is greater than $417,000. Due to the correction in the economy, jumbo mortgages have become much more difficult to get. Typically, a credit score above 750, and a proven ability to repay the loan would be the first requirements. Additional requirements will vary from lender to lender.
Have jumbo home mortgages affected the way banks make decisions regarding loans within conforming loan limits?
Jumbo mortgages increasing pose more risks for the bank and so they may be less likely to loan. Perhaps there is another reason for your difficulty. Having more than one income source, or an inexperienced loan officer could lead to it.
Where can one find a conventional loan?
In the United States a conventional loan is a loan that is not made by or insured by a government entity. Therefore, if this is the type of loan you require, you need to look into non-government lenders that are also non-government insured. Gain some good advice and knowledge from an independent financial planner to find out if this is right for you and explore your options.
How long after you file chapter 7 will you be able to apply for a mortgage?
In most cases, for a non-conforming loan ---- one year. For a government loan i.e. FHA or VA - 2 years. Conventional loan - 4 years
How long does one have to be delinquent on a loan before a car is repossessed?
To determine how long one will have to be delinquent on a loan before a car is repossessed depends entirely on where the loan was taken from. Different places allow different payback requirements.
Where can one find legitimate and reliable loan information?
To find legitimate and reliable loan information, one can visit the website "comparethemarket", go to "Your finances" and click on "Loan". There one can compare different legit loan offers.
