With mortgage rates expected to rise this Fall, house flipping will become riskier due to the fact that the buyer pool will be shrinking based on higher income needs for buyers to qualify for their loans. This CNBC article explains why it is importance to factor this in when deciding to purchase a home as … More House Flipping: It’s riskier but more lucrative.
Chase has recently changed its guidelines on jumbo mortgages in an effort to increase business. This CNN Money article explains the new requirements. The standards for second-home purchases requiring a jumbo loan have also eased to a 680 credit score and a 20% down payment. Buyers used to have to put down 30% to 50%. … More It just got easier to get a jumbo mortgage.