Why contact a mortgage broker like Homestar Financial, LLC to help you find a jumbo loan?
The answer is simple – since many local banks do not do jumbo loans or they broker them out, you are limited to one type of jumbo loan from that bank. Homestar Financial has access to many jumbo lenders across the country that offer a range of products with varying interest rates to match. Next, we know how to package and present your loan to obtain an approval; not an approval subject to 10 different stipulations. When requesting a jumbo loan, be prepared for stricter underwriting standards as well as numerous questions if your tax returns are complex or if there is anything unusual as far as your credit report, job history, income or your neighborhood. Lenders have learned their lessons and if they are going to make you a multi-million dollar home loan, they are going to make sure they do it by the book. Be prepared and your loan could be approved in as little as 10 working days; if not, expect a long drawn out battle. Homestar Financial, LLC recently provided financing for a self em
