The David Greene Show Rate Update, Trump's Dilemma and Successful BRRRR | Mortgage Monday
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Dec 9, 2024 
Christian Bachelder, a mortgage expert at The One Brokerage, unpacks the rising conforming loan limits and their implications for borrowers. He shares strategies for navigating traditional vs. jumbo loans, emphasizing flexible financing with innovative products. The discussion turns to future mortgage rates, influenced by economic factors and political decisions, including how they may affect Trump's policies. Success stories, like a notable BRRRR deal, highlight effective investment strategies amidst a shifting real estate landscape.
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Conforming Loan Limits
- Conforming loan limits represent the maximum loan amount before a loan becomes jumbo.
- These limits vary by location and are adjusted annually based on factors like inflation.
Recheck Loan Options
- If you were pre-approved for a jumbo loan in 2024, contact your loan officer.
- The increased conforming loan limits might now allow you to qualify for a conventional loan with better terms.
Jumbo vs. Conventional Down Payments
- Down payments for jumbo loans can be significantly higher than conventional loans.
- Using a lender who offers both can help you find the best strategy.