Jumbo loans are helpful to buyers of Highlands luxury real estate. Luxury home sales across the nation took a hit when the housing bubble burst as jumbo loans were made nearly impossible to get. The good news is that these loans are more readily available than they have been in recent years, enabling qualified buyers to buy a vacation home in Highlands NC.
The loosening of jumbo loans has occurred in part from the allure for investors. Jumbo loans have a higher interest rate than those for conformed loans, offering investors a better return than they would find from other investments these days. It is necessary, however, for borrowers to have excellent credit and all of the essential credentials and information needed to secure such a loan.
Contact us today for more information on buying Highlands luxury homes. We can recommend local lenders and help you start your home search.
Click here to read “Loans Go Jumbo, Again” from Realty Times.