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The Dutch offer home mortgages with evolving interest rates that can automatically decrease over time. However, other countries are taking notice: The Dutch mortgage lender DMFCO recently began offering Dutch-style mortgages in the UK. AdvertisementBut there are some deeply entrenched features of the American mortgage system that make it unlikely we'll see widespread adoption of Dutch-style mortgages. AdvertisementAdditionally, mortgage interest rates in the US aren't determined by the loan-to-value ratio beyond a certain point. AdvertisementBut Cecela says he's interested to see what happens with the Dutch-style mortgages newly on offer in the UK.
Persons: , Lindsey Harn, Lindsey, Harn, Guy Cecala, Cecala, Melissa Cohn, Raveis, Cohn, he's Organizations: Service, Business, Lindsey Harn Group, Mortgage, Mortgage Finance, USA Locations: Netherlands, San Luis Obispo County , California, Europe
What is a jumbo mortgage? Do jumbo loans come with jumbo mortgage rates? Many times, jumbo rates are lower than those for conforming loans, in part because the stringent requirements to qualify for a jumbo loan lessen the risk that borrowers will default. Tips to save on a jumbo loanWith some savvy strategies, house hunters in need of a jumbo mortgage can reduce their costs. Chase, for example, offers the highest jumbo limits (up to $9.5 million), which is one of the reasons it is Buy Side’s pick for best jumbo mortgage lender.
Persons: Beth DeCarbo, Fannie Mae, Freddie Mac won’t, Greg McBride, , Jacob Channel, Andy Wagner, Wagner, Bankrate’s McBride, Michael P, aren’t, Lani, , Guy Cecala, ” Cecala Organizations: New, Federal Housing Finance Agency, Government, Jumbo, Nations Lending, ARM, American Mortgage Resource Inc, Inside Mortgage Finance, Bank of America, Chase, Mortgage Finance Locations: Minneapolis, Sacramento, CA, Denver, Boston, San Diego, New York City, Jackson, Chicago, Massachusetts, Wells, Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Inside Mortgage Finance's Guy CecalaCNBC's Diana Olick and Guy Cecala, executive chair of Inside Mortgage Finance, join 'Power Lunch' to discuss the debate over a new mortgage fee structure from Fannie Mae & Freddie Mac, risk concerns associated with loans for bad credit borrowers, and pay differentials between low and high credit score individuals.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBorrowers with low credit may benefit from a new mortgage fee structure, says Guy CecalaCNBC's Diana Olick and Guy Cecala, executive chair of Inside Mortgage Finance, join 'Power Lunch' to discuss the debate over a new mortgage fee structure from Fannie Mae & Freddie Mac, risk concerns associated with loans for bad credit borrowers, and pay differentials between low and high credit score individuals.
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