Window of Opportunity: Jumbo Loans are Back
Posted by Breckenridge Associates Real Estate on
Buying an expensive home can be a very copious decision. Â But now is a great time to purchase a luxurious home. Â During the housing boom, jumbo mortgage loans were a hot item. Â When the market turned for the worst, jumbo loans were hit hard. Â With the housing recovery consistently getting better, jumbo mortgage loans are starting to resurface and offer interest rates and terms to buyers that are similar to a loan on a less luxurious home.
The high-end home market was stagnant during the housing bust. Â Now, with the option of purchasing with a jumbo mortgage loan, more buyers are able to consider purchasing these luxurious homes. Â On a national level, the annual dollar volume of a jumbo mortgage loan is on track to be the best since 2007. Â Banks and…
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