|
|
Property prices in California are significantly higher than the national average as many communities in California have multi-million dollar homes. That is why we have a full product line of California jumbo mortgage loans and California super jumbo mortgage loans. Since the values are higher traditional lending standards do not apply and California mortgage companies have to provide alternative financing. The traditional fixed rate and adjustable rate loans are available but the standards are much stricter compared to your average conforming loan. Some of the highest concentration of California Super Jumbo Home Loans include Los Angeles, San Diego, San Francisco and many other parts of California. 1-800-550-5538
We are the Number 1 rated California Mortgage Company on Mortgage101 |
California Jumbo MortgageWe offer multiple options for people who need a California jumbo mortgage or a California super jumbo mortgage. Understanding all of your California mortgage options will enable you to secure the best possible Super Jumbo home loan. Down payment requirements vary from lender to lender and we can find a program that works for you. Important questions to ask when doing a California jumbo mortgage or a California super jumbo mortgage include: 1. What loan programs do have? 2. What terms do you offer? 3. Which California Lenders do you work with? A direct lender vs. a mortgage broker is an important factor as well. Working with a direct lender will limit your options as a mortgage broker has access to multiple solutions. Income documentation is usually required (as of 2011) for California jumbo mortgage loans and California super jumbo mortgage loans because lenders view these loans as a little more risky then a conventional loan. If you're buying a home, it's important to pre-qualify before you go out and search for your new home as lending guidelines change frequently. |
Correcting credit report errors
"Few aspects of both consumer and real estate financing have come under as much written and verbal gunfire as has the credit reporting industry. The skyrocketing volume of credit transactions has put a tremendous strain on credit reporting agencies which deal with millions of requests for information daily. California Home Loan Tip: It's important to plan ahead of time when looking to buy a new home. When your 9-12 months away from beginning your search, you should obtain a credit report from Trans Union, Equifax and Experian. This will allow enough time to correct any errors, 70-80% of all reports of errors, and work towards raising your credit score. Your credit score is one of the most important factors for California Home Loan lenders when they issue a new home loan approval. As a result, a recent report to the U.S. Congress stated that as many as 40% of individual credit histories contain errors of some kind. A single missed keystroke by a data entry clerk, for example, can assign a delinquent account to the wrong file. Corrective information submitted by an individual can be misrouted or entered erroneously."
1-800-550-5538 |
JB Mortgage Capital, Inc. - 11901 Santa Monica Blvd. #319 - Los Angeles, CA 90025
Office Phone: 1.800.550.5538 Fax: 1.310.694.8188
jb mortgage capital, inc. (formerly priority one lending, inc.), is a mortgage broker licensed by the state of california department of real estate #1836772, NMLS #247447.
site map
© 2012 Myers Internet All Rights Reserved
Powered by: Myers Internet | Admin Login