Luxury Mortgage Blog

Effective immediately, Luxury Mortgage Group is offering our affluent clients a new mortgage program “Affluent Advantage” which provides qualified borrowers with the opportunity to purchase or refinance luxury properties at interest rates of 4.5% (APR of 4.6 to 4.97%).
This program offers unprecedented interest rates for savvy borrowers that want to borrow money at rates lower […]

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 […]

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 […]