Category: High Balance Loans

HAS JUMBO LOAN MONEY DRIED UP?

Did you recently hear jumbo loans are no longer available and those monies have dried up? Is this factual? No, not necessarily. There are many lenders still lending jumbo money. What is a jumbo loan you might wonder. A jumbo loan is any loan in excess of $510,400.00. Contact us about creative financing, jumbo loans and conforming loans. We broker loans in both Arizona and California. We offer a variety of products and services, ask us how we can assist you today: Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2020 Counsel Mortgage...

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SAVING MONEY WITH HIGH BALANCE LOANS

Are you familiar with high balance loans? What is a high balance loan? High balance loans are loan amounts in excess of the conforming loan limit of $453,100 up to $679,650. They apply to the lower end of jumbo loans; the rates on these loans are a little better than jumbo loans. High balance loans can be used for primary and second homes beginning with a 680 FICO score; 20% down is required. Essentially you can buy a home up to $850,000 with this loan. Contact Counsel Mortgage Group if you would like to save money with a high balance...

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