Purchasing resources for Jumbo Mortgage


Business directory to jumbo mortgages.

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401k Plans

Information on 401(k) plans.

www.business.com/finance/401k-plans/
401k Rollover

Business directory to 401k rollover information and advice.

www.business.com/finance/401k-rollover/
403(b) Plans

Resources and services for 403(b) plans.

www.business.com/finance/403b-plans/
Retirement Consultants

Retirement industry advisers and consultants.

www.business.com/finance/retirement-consultants/
Retirement Plans

Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.

www.business.com/finance/retirement-plans/
401k

401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.

www.business.com/finance/401k/
401(k) Plans Key Terms

Source: /guides/401-k-plans-key-terms-33062/

Learning about 401(k) plans key terms is a good place to start if you're considering starting up a retirement fund for your employees. From automatic enrollment to matching, after-tax and pre-tax contributions, 401(k) plans have several terms you may want to know before beginning one of these programs. Read More »

401(k) Plans Industry Overview

Source: /guides/401-k-plans-industry-overview-21253/

The 401k plan grew from a little known tax code loophole--which is where the 401k name came from--to the most common way workers invest for their retirement. This industry possesses trillions of dollars in allocated 401k retirement plan contributions. Read More »

Jumbo Mortgage Information


Whether you're looking for a jumbo house mortgage or a jumbo mortgage for your business location, these large mortgages offer you the financing you need for more expensive properties.

States have a cap on how much money a mortgage company can loan through a conventional mortgage. Many properties exceed this limit, particularly when it is a large commercial property, such as an apartment building, or when you are looking to buy property in major cities such as San Francisco and New York City. A real estate jumbo loan comes with a higher interest rate, but allows you to take out significantly more money.

If you want to qualify for a real estate jumbo mortgage:

1. Prepare your down payment. Some markets will allow a 5% down payment on a jumbo mortgage, but many states require a 20% down payment. When you're looking at expensive properties, this down payment can be hefty.

2. Get ready to show your credit score and business plan. This will help a jumbo mortgage provider determine whether you are credit-worthy.

3. Prove you can pay. If you can show that you have the cash flow necessary to make your monthly payments, it's easier to get a jumbo loan.

Compare rates on a jumbo mortgage to get the best deal

With a jumbo house loan or commercial mortgage, the interest rate can have a large effect on the total amount that you pay. You should try to get the best rate that you qualify for in order to reduce your costs.

Use a commercial mortgage provider for your jumbo mortgage

Some companies specialize in working with companies to help them get a mortgage. They will not give a jumbo home loan, but are the perfect solution for commercial mortgages.

Apply for a jumbo mortgage from your regular bank

You can also go straight to your bank to apply for a jumbo mortgage loan. This is ideal for business owners that have a good relationship with their bank. The bank may be more likely to loan money to someone that they have a history with.
  • When applying for a jumbo mortgage, list any questions you may have to ask your loan advisor. It's important for you to understand all fees, requirements and expectations before you make a commitment.