Las Vegas Home Mortgage, Refinance, Equity & Commercial Lending.

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Until recently, investing in a high dollar property meant putting down a
very large down payment, having extremely high FICO scores and proving
your income. Luckily, mortgage programs are always changing and evolving
to cater to buyers needs.  Jumbo loans are a mortgage with a loan amount
above conventional mortgage limits. Jumbo mortgages take affect when the
agency Fannie Mae (FNMA) and Freddie Mac loan limits don't cover the full
amount to be borrowed.  A limit is set on the maximum dollar value of any
mortgage which they will purchase from a lender. Large private investors
such as insurance companies and securities fill the void by purchasing
large loan notes as secure investment. Generally speaking jumbo mortgage
rates are slightly higher than conforming loan interest rates since there
is a greater risk involved for the investor.
 Also, with more lenders jumping on the 100% loan to value jumbo loan
bandwagon, jumbo mortgage rates are also staying very competitive.
Obtaining jumbo mortgage financing these days is very similar to
obtaining traditional financing in the fact that your credit does not
have to be perfect and "stated income" loan programs are even now
available. Listed below is just a small sample of what options you have
when deciding on a loan program.

· 100% Financing
· Rate and Term Refinance
· Second Homes
· No Income/ No Asset Verification Loans
· Investment Property Loans
· Debt Consolidation
· Home Improvement Loans
· Cash Out Refinance

100% Financing - A mortgage that will cover 100% of the home value or the
purchase price. Used for people who lack a down payment or current
homeowners who need to borrow up to 100% of the value of their home.
Rate and Term or Cash Out Refinance - A rate and term refinance is when
you refinance your mortgage for a better interest rate than your current
rate. You may or may not reduce the term of your mortgage.
No Income/ No Asset Verification Loans - Widely used for people whom are
self employed or who have difficultly proving their income. These loans do
not require income documents. Good credit is required.

Please contact me directly for current jumbo mortgage rates or if you have
further questions regarding jumbo mortgage rates for your personal
situation.