Home Schooled Podcast

In this episode Connie Boyd of Home Services Lending educates the consumer on the infamous Jumbo Loan. Listen to learn the differences between a Jumbo and conventional loans, what you'll need to qualify, and how much it pays to be a high net worth individual. Episode Show Notes: http://bit.ly/HS0020 What We Discussed: What is a Jumbo Loan? What are the different variations of loans other than Jumbo Loans? What are reserves and why are they needed for a Jumbo Loan? Are the advertised interest rates the same for Jumbo loans? Why are interest rates higher for non-Jumbo loans? What is the biggest limitation in qualifying for a Jumbo Loan? Where can reserves come from? What are the closing costs on a Jumbo Loan?