The law has also imposed the debt-to-income ratio at 43 percent tops, meaning no more than 43 percent of your monthly gross income must go to debts including your mortgage. Piling debts have been a point of concern for many lenders. In the past several years, some borrowers ended up defaulting on hefty loans.
If you’re in the market for a high value home and need a large jumbo loan (or other real estate loan), working with a professional that can guide you to the best loan and help you get approval is a smart idea. As always, for anyone looking for a new Roseville home mortgage we are here to help.
http://ironpointmortgage.com/jumbo-roseville-mortgage-in-2014-less-risky-financial-experts-say/
No comments:
Post a Comment