La Quinta, California

La Quinta, California
Desert Luxury

Desert Luxury Realty

Thank you for visiting my blog. When you choose Mary Williams, as your real estate agent, you are working with a team of seasoned professionals who cater to your every real estate need. Buying or Selling your home does not need to be full of hassels or needless pressure. Take it easy and enjoy the luxury of the desert. I look forward to assisting you with your search or sell of your home. Contact me today!

Wednesday, June 25, 2014

This is a GREAT Time to Consider a Jumbo Loan in the Desert!

palm trees[social]According to a recent article in the Realtor MagazineJumbo Loans have remained stable.
“The luxury housing market has been rebounding at a quicker pace than the lower-end market, and confidence is growing among high-income home buyers,” says Guy Cecala, publisher of Inside Mortgage Finance. “Higher-end borrowers have recovered faster and stronger than lower-income Americans from the recession,” Cecala told The Wall Street Journal.
Currently, rates are more affordable, competition to lend for Jumbo Loans is higher and flexible loan underwriting. This is a GREAT time to shop for Jumbo Loans in La Quinta & the Desert!
Since competition for Jumbo loans is so high, many lenders are relaxing the 20% down payment requirement. Some lenders are considering an 85% LTV in the upcoming months – and some even lower than that.
However, one thing that will never change with Jumbo Loans, are borrowers HAVE to have a great credit score, sufficient reserves and the income to support such a loan.
Whether you are looking for your first Luxury Home, vacation home or 2nd home in the Desert, enjoy the personal and professional service I provide. I listen carefully to all your needs, allowing me to quickly zero in on your preferences, saving you precious time. Buying will be fun, enjoyable, and easy!

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