tampa jumbo mortgage: Tampa Jumbo Home Loan | Appraisal Guidelines to Know
- 09/17/07 01:02 AM
Tampa Florida is home to many luxury homes. In addition, it is common for buyers to take out a mortgage for the purchase of their luxury homes. For many of these buyers, it is necessary to have a jumbo or super jumbo mortgage. The question has been raised before of when it is necessary to have more than one appraisal on a property. Now, every mortgage lender has their own requirements, but in general certain high loan amounts will require an additional appraisal. The following are our appraisal requirements in regards to jumbo and super jumbo mortgages: Generally, only one appraisal is required (15 comments)
tampa jumbo mortgage: South Tampa Mortgage | Jumbo Loan Financing Takes a Beating
- 09/05/07 08:12 AM
For luxury buyers in South Tampaand throughout Hillsborough County, there is a bigger hurdle for financing the dream home...the Jumbo Mortgage. If you are not familiar with the term, "Jumbo Mortgage", it is a type of mortgage for individuals looking for a loan over the conforming loan limit. The conforming loan limit for our area happens to be $417,000. Hence, a buyer looking to purchase a million dollar home and take out a loan for $700,000 may need a Jumbo Loan. The roller coaster events in the mortgage industry have caused lenders to take caution with the Jumbo and Super Jumbo loan market, (12 comments)