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Recently Closed - Multigenerational Living in Meadowbrook, PA
Recently Closed - MultiGenerational Living in Meadowbrook, PA
A little while back I got a call from a Realtor that I've worked with for years in Montgomery County, PA. We first met back in 2007 and have worked on many transactions with each other over the years. For years, she and her parents have toyed with the idea of multigenerational living as her parents reached retirement age and enjoyed spending as much time as possible with their grandchildren. This year, they were finally ready to make the leap, so she called me to see what mortgage options we had available.
In the area they were looking, price ranges indicated that we'd need to pursue a jumbo mortgage. Thankfully my clients had great credit and a decent down payment, so we were able to get a great 30 year fixed rate product locked in for them. Unlike conventional and FHA loans, Jumbo loans have very variable terms from lender to lender and program to program - excellent credit and amount of down payment money play a huge role in getting the best possible rate.
As expected, our clients were excellent along the way when it came to returning documents quickly and ... more
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