Luxury Mortgage Blog

Mortgage market conditions affecting mortgage backed securities in the secondary market and other credit instruments and derivatives have significantly impacted the ability of most lending institutions to fund super jumbo mortgage loans. Institutional lenders have responded by dramatically increasing the minimum down payment as well as have required that borrowers’ incomes be fully documented. Pledged […]

Allure Las Vegas is just about completed. The next step once the building receives its certificate of occupancy will be closings! As such, you need a lender with expertise in high rise mortgage transactions to successfully fund and close on your unit. If you were fortunate enough to purchase in this highly […]

The mortgage industry has long suffered from a few labels that were never standardized. The media usually lumps all loans that are above $417,000 (conforming Fannie Mae loan limits) together and calls them Jumbo loans. Some mortgage brokers and bankers define loans above $650K as Super Jumbo Mortgages while others consider it to […]

Our former FED Chairman, Alan Greenspan, appeared on the daily show with host, Jon Stewart a few weeks ago. Jon took an inquisitive stab at our Federal Reserve system during the program. There are benefits and also major negatives to our current FED system. It was refreshing to see someone in the […]

Many years ago a borrower would visit their local savings and loan to obtain a mortgage. The Loan Officer at the bank would approve the mortgage and fund it with money pooled by its depositors. This system worked well until the bank lent to the extent of its deposits, at which time customers were turned […]

Las Vegas’ own Trump Towers and Palms Place are both set to close in the first quarter of 2008. Buyers in both projects should be aware that condo-hotel minimum down payments for mortgage financing have increased substantially since your original purchase dates. Throughout 2006, Luxury Mortgage Group offered 95% Loan-to-value condotel mortgage financing. Today, in […]

So What Makes You Special?
That’s the headline of our latest published article in October’s edition of Scotsman’s Guide (the most widely read mortgage industry magazine).

If you would like to read the article you may view the original pdf here.