The Belt Is Loosening on Jumbo Loans

There is good news for Chicago home buyers this week according to an article in the Wall Street Journal. Banks are loosening their belts and starting to make loans on more expensive properties, called Jumbo Loans or Jumbo Mortgages.

A couple of years ago when the credit crisis hit, these loans became non-existent. In the second quarter of 2010, jumbo-mortgage lenders originated $18 billion in loans—a 20% increase from the first quarter. The loosening of this money source will help boost home sales of pricier properties.

Read the full article and contact me for help with obtaining your Jumbo Loan.


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