Jumbo mortgage loans are loans that are above the conventional or conforming limits set by the two leading industry purchasers of residential mortgages in the U.S, Fannie Mae and Freddie Mac.

As mentioned in part one, Congress passed into law the Housing and Economic Recovery Act of 2008. It became effective October 1, 2008 and included new mandated FHA refinance loan guidelines.

A new FHA loan program was instituted in October 2008 that has the express intent to insure $300 billion dollars worth of mortgage loan payments for 3 consecutive years. HOPE for Homeowners Act of 2008, previously signed into law

Before you decide to make that big decision to refinance your home or purchase a new one with a good mortgage deal, you should always do your best to investigate and compare mortgage lenders. Make it a point to examine their track record and current financial status.

I’m sure many of you have dealt with your hometown mortgage company for your all of your mortgage needs in the past. While this is perfectly acceptable to deal with someone who you many know personally or by reputation

If you have ever been through a foreclosure, it can seem as if you have totally ruined your chance of ever getting another home mortgage again.

If you have a loan with Wells Fargo and are having difficultly paying your mortgage, you may need a Wells Fargo loan modification. It is important to learn about some of the requirements of the lender before you submit your new application.

Jumbo mortgage loans approvals have become much more difficult with the recent financial and mortgage meltdown. Many lenders who previously offered jumbo loans have been much more selective in their origination of these loans.

The underwriting part of the mortgage loan process can take anywhere from 1 day to a couple of weeks. This “limbo” period is where you may start to get anxious about what is happening.

Are you interested in getting information on refinance home loan rate quotes, without going out on a travel spree to brick-and-mortar lending companies spending your valuable time and energy? Here’s a strategy you can use to easily get such rates.