Category Archives: Jumbo / High Net Worth

Buddy, Can You Spare a Million? – Mortgage Solutions for High Net Worth Borrowers

Pity the poor millionaire who needs a mortgage in the current lending climate.  You won’t find politicians creating special programs to alleviate their sufferings.  Of course, they don’t feel the pain in the same way as the common man, but, … Continue reading

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You (Practically?)Need To Be A CPA to Be a Good Loan Officer These Days

 Have you noticed that it is harder to get deals financed these days? (Don’t answer that, it’s a rhetorical question.) The reasons are legion, from stricter credit scoring models, to tighter loan-to-value and debt-to-income ratio requirements, to higher asset requirements, … Continue reading

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Jumbo Rates Have Fallen, So, The Sky Won’t Be On Luxury Properties In September

One of my luxury property Realtor friends just forwarded an article from our local newspaper about luxury buyers “rushing to beat jumbo mortgage deadline”.  The gist of the article was to sound the alarm about the September 2011 expiration of the … Continue reading

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