VLog Episode 3

https://youtu.be/5TEZz8YR-LA Hey guys, Ryan DeMent from TruVest hope you're having a great day. Third installment of the...

TruHome FOR SALE: 1627 East Indiana Street, Evansville, Indiana

Great Starter Home-You Just Move In! No Work Needed! Price: $87,500 Renovation in Progress-House will be ready April 5th (2 Beds/1 Bath). Great starter home that...

Affordable Housing Project Aims to Revitalize Jacobsville Neighborhood on 44 News

Our affordable housing collaboration officially launched in Evansville, Indiana with Mayor Lloyd Winnecke and Evansville Promise Zone. We are thrilled to have such amazing coverage by 44News on how we...

Evansville Promise Zone Partnership Announcement

If you are available please join us on Monday, February 11th at 1:30 pm CST to announce our new affordable housing partnership. The Promise...

How to Build a Mountain of Wealth Outside of the Stock...

Another week has come and gone and the Markets finished on a downward slide. I am sure some of you are experiencing some heartburn...

September carries greatest single-month-default surge in a ten-year period

Home loan defaults rose in September, producing the most extensive single-month-default increase in many years. Defaults accelerated to 13.2% in September, the most substantial month-to-month...

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Rising real estate values power new interest in jumbo loans

2018 conforming loan limits jump by nearly $30,000 Property prices in many areas exceed so-called "conforming" loan limits -- the maximum mortgage amount allowed by Fannie Mae and Freddie Mac. The single-family limit is now $453,100 in most of the U.S. and as much as $679,650 in “high-cost” markets. How do you finance a home if the value is well above the conforming loan limits? Most mortgages today are QMs, and this is important for jumbo borrowers. Qualified jumbo mortgages: they're out there Under the rules, FHA, VA, and conforming loans are automatically Qualified Mortgages. With portfolio loans, lenders can originate jumbo QM mortgages, because there is no QM loan limit. Non-QM jumbo loans Not only can borrowers get jumbo QM loans; they can also get non-QM jumbo loans. For example, non-QM loans allow: Debt-to-income ratios higher than the 43 percent limit required for most QM mortgages Interest-only financing A 40-year term Millions of dollars Non-occupant co-borrowers Bank statement loan applications Alternatives for proving income Low credit scores Financing immediately after a foreclosure or bankruptcy Jumbo loans & taxes Under tax reform, the government has enacted new policies that will impact mortgage borrowers. The most important issues look like this: First, mortgage interest when you buy a home is deductible -- up to $750,000 for personal real estate. Jumbo mortgage rates The difference, or spread, between jumbo and conforming mortgage rates rises and falls, depending on markets.

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