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Are Jumbo Loans Becoming More popular Among Southern CA Home Buyers?

From Youtube.com - Posted: Jun 19, 2012 - 31 views
Phim | Are Jumbo Loans Becoming More popular Among Southern CA Home Buyers? | Are Jumbo Loans Becoming More popular Among Southern CA Home Buyers?
Are Jumbo Loans Becoming More popular Among Southern CA Home Buyers?
Are Jumbo Loans Becoming More popular Among Southern CA Home Buyers?
Check out our Blog at http:KeepingItRE.com If You are in or Around Long Beach CA, and Have Questions You Would Like Answered by Some Local Real Estate Professionals, Please Join us on the Final Wednesday of Each Month for Our Home Buyers and Sellers MeetUp. You Can Register at http:HelpSoCal.com To Participate in Our Mail Bag Segment, Simply Leave Us a Message at 562-888-BEACH Are Jumbo Loans Becoming More popular Among Southern CA Home Buyers? Eric: Let's get into another conversation here. Let's let Scott lead a conversation for once. Is jumbo lending becoming more popular? Scott: I wasn't prepared for this one. Eric: Oh, really? Scott: No. Eric: Too bad. Alissa: Rewind. Scott: Now, I'm going to have to go off of memory. Alissa: No, you're not just doing what you are prepared for. Eric: First of all, let's talk about jumbo lending in general. What is jumbo lending? Scott: No, it is absolutely available. Jumbo lending is . . .Ok, let's see the best way to explain this, you hear of Fannie Mae, Freddie Mac and FHA, they have a certain amount of money that they will lend. It used to be $417K for the longest time then, they increased it. Eric: Yeah, that is not going to buy much in Southern California. Scott: They increased it to $729K. Eric: Was that the jump from $417 to $729K? Alissa: Yeah...for the rest go to http:KeepingItRE.com
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