Should You Take out a Jumbo Loan?

People who need to borrow money to buy a new home typically take out a conventional mortgage. If you want to purchase an expensive property, a conventional mortgage may not be able to provide the amount of money you need. In that case, you may want to consider a jumbo mortgage. What is a Jumbo Loan?Fannie Mae and Freddie Mac limit the amount that a customer may borrow through a conventional mortgage. A...

How Much Does a Hard Money Loan Actually Cost?

Many real estate investors or properties don't qualify for a traditional loan through a bank for a variety of reasons. This is where a hard money loan comes in. It can accomplish the same job of helping investors secure funding for their next investment property. You're probably wondering how these loans work, and, more importantly, how much they actually cost the borrower. First, let's clearly define...

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