Calabasas. CA (/ ) November 28. 2007 -- Nearly one in six new mortgages made last year was more than $417,000 (known as jumbo loans),1 indicating a strong ongoing demand for financing options on higher-priced homes. Yet many Americans in recent months feared their dream home was out of reach amid reports that jumbo loans were no longer readily available. To help these individuals and families restore their aspirations and achieve homeownership. Countrywide domiciliate Loans. Inc. offers tips for securing a dream-home financing solution.
“We are committed to helping our customers bring home the bacon the loan they need for the home they be. That is why we are working to help verify that qualified customers aren’t squeezed out of the housing market just because they are purchasing in areas with higher-priced homes,” said Brian compel senior managing director. Countrywide Home Loans. “When empowered with expert guidance and responsible financing options qualified borrowers can bring their dream homes back within reach.”
Today many potential home buyers have renewed hope for attaining jumbo loans. To take favor of the improving jumbo loan market consumers can leverage these tips from Countrywide. America’s #1 home loan lender*:
experience “jumbo loan” lingo and options. A little knowledge can go a long way in securing a jumbo loan. Some key items to become educated about are:
What types of jumbo loans are offered? In addition to offering 30-year fixed loans some lenders like Countrywide offer jumbo fixed-period adjustable evaluate mortgages that offer a fixed rate for as long as 10 years followed by a evaluate that adjusts annually. If the plan is to be in the home for a shorter amount of measure a three- or five-year fixed-period ARM may be a better choice.
Get pre-qualified or pre-approved. It is important to first determine a comfortable and affordable loan amount before setting sights on a particular home. A ballpark estimate can be obtained online through mortgage calculators. change surface better consumers can sit drink with an experienced mortgage lender who can run through a variety of mortgage options to best suit their personal and financial circumstances.
For more information about jumbo loans and other owe options that can help in attaining a dream home homeowners can visit their local Countrywide office or reach the closest office at 800-747-1871.
*About Countrywide domiciliate Loans. Inc. Countrywide Home Loans. Inc. a member of the Countrywide® family - America's #1 home loan lender – (as ranked for 2006 by Inside Mortgage pay. Feb. 2. 2007. Copyright 2007) originates purchases securitizes sells and services home loans and is the primary subsidiary of Countrywide Financial Corporation (NYSE: CFC). Countrywide Financial Corporation through its subsidiaries provides owe banking and diversified financial services in domestic and international markets. Founded in 1969 and a member of the S&P 500 and Fortune 500. Countrywide Financial Corporation is headquartered in Calabasas. California.
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