Posts Tagged ‘Percentage Point’
Jumbo Loans are now commonplace in America
When most people want to buy their dream house, they usually need what is known as a jumbo mortgage. A mortgage is deemed jumbo when it exceeds a certain pound limit as set by Fannie Mae and Freddie Mac. These two secondary market lenders will only cover loan values under 729,750, which is the new [...]
Home Equity Loan Exposed
The home equity loan is a loan in which you, the owner of your home, use your home equity (the value of your interest in your property or your home’s fair market value and the unpaid balance of the outstanding home mortgage) as a collateral. A home equity loan is sometimes useful to help finance [...]