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PRESTIGE AND JUMBO HOME LOANS

A jumbo loan, also known as a jumbo mortgage, is a form of home financing for whose amount exceeds the conforming loan.

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PRESTIGE AND JUMBO HOME LOANS

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  1. Jumbo Home Loans Prestige Loans By GCC Home Loans

  2. What is Jumbo Home Loan A jumbo loan, also known as a jumbo mortgage, is a form of home financing for whose amount exceeds the conforming loan limits set by the Finance Agency. Loans greater than these limits are usually called jumbo mortgages, but can also be called non-conforming mortgages

  3. When Should I Use a Jumbo Mortgage? • You’d use a jumbo mortgage when you’re seeking a loan amount that’s greater than the conforming loan limit in your area. • Certain lenders will categorize anything above $417,000 as a jumbo, even if the loan is being made in a high-cost area where the conforming limit goes as high as $625,500.

  4. Qualifying for a Jumbo Mortgage • A healthy debt to income ratio • Self Employed borrowers • The ability to put down a high deposit, usually 20% or more • Debt-to-Income Limits • Credit Scores • Documentation • Down Payment

  5. Contact Us • If you have a question about your currently facility or would like some more information about any of our product or services, feel free to give us a call. • Website: https://www.gcchomeloans.com.au/our-loans/prestige-and-jumbo-home-loans/ • Contact Number : (02) 8355 1880 • Like Us on Facebook : https://www.facebook.com/gcchomeloans/ • Follow us Twitter : https://twitter.com/gcchomeloans

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