GKAR Lender Panel Discussion 2016
January 21st at the Greater Kalamazoo Association of Realtors, come check out our lender panel discussion. This is a great opportunity for real estate agents to learn more about TRID, recent FHA changes, and more. Breakfast is at 8:30 am followed by a 9:00 am program.
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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?”