7 Ways Jumbo Mortgage Rates are Attractive for Buyers
There are many reasons you might want to consider a jumbo mortgage, and among the reasons for doing that are the great rates. Don't underestimate the importance of your interest rate, because it can make a significant difference in how much you pay for your jumbo loan. Not everyone wants to get a jumbo loan, of course, but for people who are buying property that needs a mortgage higher than $417,000, a jumbo loan is one of the few options they have.
If You're Rejected for a Mortgage
If you’re application is rejected, don’t panic. There are many reasons you get rejected for a conforming mortgage: Debt-to-income (DTI) ratio is too high, Loan-to-Value (LTV) ratio is too high, credit Score too low, missing or incorrect documents and bankruptcy.