Interview with MichiganHomes.com – Mortgage Options
Jeremy recently did a short interview with MichiganHomes.com who was looking for some expert advice on borrowers mortgage options.
Read the full interview here
Some of the questions he answered were:
- What would you recommend as the first steps that someone who wants to buy a house should take to secure a mortgage?
- What is one of the biggest regrets you’ve seen people have when it comes to their mortgages?
- Are there any things that prospective homeowners should not do when they’re applying for a home loan?
- Can you briefly explain the main types of loans and who they are typically best suited for?
Check out my interview, Expert Advice on Your Mortgage Options on Michigan Homes, one of the top sites for Michigan homes for sale, including Detroit, MI homes for sale. Michigan Homes also services Wisconsin real estate and Illinois real estate.
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Jumbo vs Conventional Loan
JUMBO LOAN VS. CONVENTIONAL: WHAT KALAMAZOO MOVE-UP BUYERS MUST KNOW
Are you shopping for a luxury executive home or a custom build in Texas Township, Portage, or Richland?
Yesterday, a move-up buyer walked into my office after touring a gorgeous five-bedroom home near Texas Corners. The listing sat well above their previous starter home price point, and they were trying to calculate their down payment strategy.
They asked me, “Jeremy, at what price point does our mortgage switch from a standard Conventional loan into a Jumbo loan? Do Jumbo loans require massive 20% cash down payments?”