Highlands Real Estate, Retiring May Make Jumbo Loans Tougher

When it comes to Highlands real estate retiring may make jumbo loans tougher to acquire.  Luxury homes in Highlands are often dream retirement homes and many buyers prefer to finance a property rather than tying up their money.  The complication comes from retiring equaling a stoppage of income.

Low interest rates are extremely attractive to retirees who own or are buying homes in Highlands NC, enabling them to free up money to invest elsewhere.  While it is not impossible to secure a jumbo loan it is more difficult than in the past due to the debt to income ratio set at 43%.  What this translates to for a borrower is that a lot of paperwork and an impeccable credit score are required.

Contact the team at Meadows Mountain Realty today for more information on retiring to Highlands NC.  Our fresh mountain air and plethora of outdoor activities lead to an active retirement.  Let our knowledge and experience work to your advantage for all of your Highlands real estate needs.

Click here to read “Jumbo-Loan Challenges for Retirees” from the Wall Street Journal.

About the Author
BERKSHIRE HATHAWAY HOMESERVICES MEADOWS MOUNTAIN REALTY has been serving the Highlands NC and Cashiers NC areas offering exclusive mountain real estate and country club properties since 2003.

We recognize that there are many important aspects to consider in making a real estate choice. With that in mind, we listen closely to the needs and desires of each individual customer and work diligently to find the ideal mountain property or to sell your property as efficiently and effectively as possible. However, our job does not stop there.

Once you have made your real estate decisions, we are here to help you in any way that we can. It will be our pleasure to familiarize you with all aspects of the Highlands and Cashiers communities, including home, professional and personal services as well as activities, restaurants, health care and shopping. We will go the extra mile to ensure that your experience in the mountains exceeds your expectations.

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