How a High-Net-Worth Mortgage Works & How to Get One

high net worth mortgage

If you’re a high-net-worth individual seeking a sizable mortgage to purchase or refinance real estate, you need a high-net-worth mortgage. Traditional mortgages fall short and don’t take into consideration the complex financial situations of high-net-worth individuals (HNWIs). This comprehensive guide delves into the intricate world of high-net-worth mortgages, exploring the creative programs available, their benefits, […]

Jumbo Loan Down Payment Requirements 2024

jumbo loan down payment

In the ever-evolving landscape of real estate financing, understanding the intricacies of jumbo loans is crucial. If you’re eyeing a property that requires a loan amount exceeding the conventional conforming loan limit, you’ll need a jumbo loan. The jumbo loan down payment requirements are a pivotal factor. This article aims to demystify these requirements, offering […]

Conventional Loan vs Jumbo Loan: Rates & Amounts Compared

conventional loan vs jumbo

Updated: January 1, 2024 When it comes to home financing, the terminology can be confusing. The phrase “conventional loan vs jumbo loan” often leads to a maze of definitions and classifications. In reality, a jumbo loan is actually a special subcategory of a conventional loan.  However, over time, the term “conventional” has been predominantly associated […]

Jumbo vs Super Jumbo Mortgage: Limits & Rates Compared

super jumbo vs. jumbo

Updated: January 1, 2024 Understanding the financial landscape of mortgages can be complex, especially when it comes to the realm of “jumbo vs. super jumbo mortgage.” These two mortgage types, although similar in some aspects, carry distinct differences that potential borrowers must be aware of. If you’re purchasing a new property or refinancing an existing […]

Jumbo Cash Out Refinance in Florida: Ultimate Guide

jumbo cash out refinance

Updated: January 1, 2024 If you’re a homeowner in Florida with a high-value property, you might be sitting on a significant amount of equity. A jumbo cash out refinance can help you tap into this wealth, providing you with liquid cash for any purpose. However, not all lenders are willing to refinance jumbo mortgages due […]

How To Get A Mortgage On New Construction Condos In Miami

Luxury oceanfront condo in Miami, ideal for new construction condo mortgages.

Securing Miami New Construction Condo Mortgages can be a complex endeavor. Miami’s booming market makes it a prime location for new condominiums, yet traditional lenders often hesitate to finance these properties, labeling them as non-warrantable. This categorization by Fannie Mae and Freddie Mac stems from mortgage regulations by the U.S. Department of Housing and Urban […]

Miami & Florida Jumbo Loan Limit & Mortgage Rates Guide

Guide to jumbo loans in Miami, Florida

Updated: January 1, 2024 Miami and many other Florida cities are known for their higher-than-average property prices. If you need a loan that exceeds the jumbo loan limit in Florida, you’ll need a jumbo loan. Specifically, in 2024, if your loan amount is above $766,550 for a condo or single-family residence, then your loan will […]