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Welcome to California Jumbo Loans .net
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| What is a California Jumbo Loan? |
A jumbo Loan is a mortgage loan that exceeds the normal mortgage loan amount set up for mortgage companies across the country. It exceeds a loan that is $322,700 dollars. Jumbo loans tend to have higher interest rates, because of the amount at which they lend. Jumbo loans are mainly for large expensive homes which is what many home buyers are looking at in California these days, a jumbo loan can also be used by entrepreneurial California residents who are interested in starting their own small buisinesses as well.
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| California Jumbo Loans information |
| Quick Application
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Contact one of our California Jumbo Loans .net qualified mortgage brokers today for a FREE MORTGAGE ANALYSIS -- 24 HOUR APPROVAL -- and a NO OBLIGATION QUOTE @ 415.380.2347 and ask for Rich Juarez!
California Jumbo Loans offers jumbo loans, fixed rate jumbo loans, adjustable rate jumbo loans, super jumbo loans, stated income loans, refinance loans, 2nd mortgages and purchases loans throughout California. California Jumbo Loans .net is the most knowledgable and experienced licensed California mortgage broker in the entire state of California.
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*Required Fields
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| JUMBO LOAN MORTGAGE PROCESS |
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California jumbo mortgage loan processing follows this simple pattern:
- Present loan proposal based of off initial jumbo mortgage inquiry
- Gather borrowers home information, social security numbers and income. Finalize 1003 mortgage application for the jumbo loan, and obtain preliminary credit approval.
- Send out initial Good faith estimate and other disclosures for the california mortgage
- Request documentation, consisting of income (verified or not), current mortgage information, Insurance information, legal authorizations and assets
- Upon receipt of 'docs', order title work, schedule appraisal, request payoff information and mortgage history.
- Upon 'docs in' status, submit final documentation to underwriter and set signing date.
- Verify final closing numbers and lock in rate (if not already locked)
- Print final loan documents and forward to signing agency
- Sign and fund loan, or wait for 3 day cancellation period to fund
As in any mortgage transaction, additional information may be required to finalize a 'clear to close' with underwriting. We will listen closely to your needs up front, so that we may present all necessary information in a timely manner to underwriting.
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STATED INCOME JUMBO LOANS
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A stated income jumbo loans are a loan that can help you do what it is that you want the loan for. It is very inexpensive compared to the other reduced or non documentation type programs. This type of loan is perfect if you qualify and your income is just a little to short to do the things you need to have done. As long as you have decent credit you can qualify for the stated income mortgage program. This type of loan is available as a jumbo loan or non conforming loan, contact the jumbo loan experts at California Jumbo Loans.net for more information on jumbo loans and the other various types of jumbo loans.
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BALLOON RATE JUMBO MORTGAGES
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A Balloon jumbo loan mortgage is another type of jumbo loan. This type of jumbo loan is a balloon mortgage, meaning that the length of the loan is very short in its duration. The jumbo loan will be between 5-10 years in its length. Balloon mortgages also tend to have a large closing fee at the end of the loan, which must be paid in full. With the Jumbo Loan already a high amount, a balloon mortgage added on this will only make it harder to pay off. Contact California Jumbo Loans.net for more information contact the jumbo loan professionals toll-free at 415.380.2347
and ask for Rich Juarez.
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CALIFORNIA REAL ESTATE INFORMATION
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California Jumbo Loans .net offers jumbo loans for people all over California whether it be for buying a new home or starting your own business. Check out information on popular areas where we help new residents with jumbo loans, if you are looking to relocate to an area not listed below contact our office and we will work with you to get you the loan you need in the area you want.
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FIXED RATE JUMBO MORTGAGES
A fixed rate jumbo mortgage loan is a mortgage loan that does not go with the current market rates. The interest rate that was givin with the mortgage loan is the interest rate that stays throughout the life of the loan. A loan that follows the current market would be an ARM. The fixed rate jumbo mortgage loan also is a non-conforming loan, this means that the mortgage loan is above the standard $322,700 of most conforming mortgage loans. Contact your jumbo mortgage professionals at California Jumbo Loans.net at 415.380.2347
and ask for Rich Juarez.
ADJUSTABLE RATE JUMBO MORTGAGES
An adjustable rate jumbo mortgage loan is a mortgage loan that fluctuates with the current market rates based on the agreed terms. The interest rate that was givin during closing is subject to increases usually in year increments. Most clients that understand the benefits of utilizing an adjustable rate jumbo mortgage use this program with the intention of refinancing their jumbo ARM loan at the end of the initial term. Contact your jumbo mortgage professionals at California Jumbo Loans.net at 415.380.2347
and ask for Rich Juarez for more explanation of jumbo loans.
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