5016 Parkway Calabasas Ste 200, Calabasas, California 91302, United States
High-Balance Loans
Navigating High-Balance Loans
Considerations for High-Balance Loans
Advantages of High-Balance Loans
High-balance loans are mortgages that exceed the standard conforming loan limits set by Fannie Mae and Freddie Mac. These loans are designed to finance properties in high-cost areas where real estate prices exceed the conventional loan limits.
Advantages of High-Balance Loans
Considerations for High-Balance Loans
Advantages of High-Balance Loans
High-balance loans offer borrowers the opportunity to purchase or refinance homes in desirable locations without needing to resort to jumbo financing. They often feature competitive rates and flexible terms, catering to borrowers in regions with elevated housing costs.
Considerations for High-Balance Loans
Considerations for High-Balance Loans
Considerations for High-Balance Loans
Borrowers considering high-balance loans should be mindful of potential drawbacks, including stricter qualification criteria and higher interest rates compared to conforming loans. It's essential to assess individual financial circumstances and property location to determine if a high-balance loan is the right fit.