getting the best jumbo loan available in california - AVRUS | Avrus Financial & Mortgage Services, Inc. ℠

September 15, 2016

Just Say Jumbo

Jumbo mortgages, as their name implies, are the loans on the top end of mortgages, the ones that are for mortgages (or refinances) over $700,000. In some places in California in particular, that’s pretty much a normal mortgage, as many properties easily hit the mark.

Generally you have to show substantial qualifications to use a jumbo mortgage for a first-time loan or a refinance, and the interest rates are generally higher than for conventional loans. But that doesn’t mean that you cannot still get good—or even great—jumbo loan rates. As long as you qualify, the money is out there, and at Avrus Financial and Mortgage, we routinely help homeowners refinance for well over a million dollars.

Qualification for a jumbo mortgage includes:

A down payment of at least 20% for a purchase, or equity of 20% for a refinance
Documentation of your income
Your monthly mortgage payment may not exceed 38% of your pre-tax income
The property should generally be your residence
Your credit score should be 720 or better

You also need to know that your jumbo loan rate will in all probability be adjustable, as fixed-rate jumbo mortgages are unusual.

Why are the interest rates higher for a jumbo than for a conventional loan or refinance? It’s because jumbo loans are considered riskier to the lender: not only is more money involved, but the properties purchased via the jumbo loan can be difficult to re-sell should there be a foreclosure, and jumbo mortgages aren’t secured by the government.

The best jumbo loan rates can be obtained the same way you get the best mortgage loan rates: by going through Avrus Financial and Mortgage. We can assist you, not just in determining current jumbo loan interest rates, but in finding the best jumbo loan rates.

Why not ask us how… today?

August 19, 2016

California, Here I Come!

If a generalization can be made, it’s that California is the epitome—and perhaps even definition—of cool. California towns and cities easily make “the best of” rankings, whether or livability, beauty, employment opportunities, or education.

It comes at a price, of course: California real estate is expensive. But if you consider what you get in return, you might just end up calling it a bargain. Even MarketWatch agrees: “California may really be the best place to live,” it proclaims, noting that “The Golden State—particularly, broadly speaking, the San Francisco Bay Area—dominates this list of rankings by Niche.com. Not surprisingly, many of these cities are pricey when it comes to housing (10% weighting). Zillow lists the median home value in Palo Alto (best town to live in) at $2.3 million; it’s $914,000 in Berkeley (No. 2 city).”

And according to UPack:

There’s a reason 38.8 million people call California home. For some, it may be the lure of Hollywood or the desire to chase ocean waves. For others, California may mean big opportunities with one of the state’s many tech companies. Whatever the reason, one thing is clear–the Golden State simply has the size, beauty and opportunity other states seem to lack.

If you have the means, then you owe it to yourself to live in California at least once in your life and experience its quintessential American version of cool. And we can help! Avrus Financial & Mortgage knows what it takes to get you into the home of your dreams in the state that everybody dreams about. We’ve developed a niche specialization around jumbo (and even jumbo-jumbo) mortgages, and we can navigate you through their requirements with the least amount of stress possible.

Imagine having it all at your fingertips: ocean, mountains, desert, cities. The high-tech sector and the picturesque towns. And all of that while living the upscale lifestyle you’ve always imagined. California has always been a place that made dreams come true; we can help you with yours!

Why not ask us how… today?

January 28, 2016

Take a Picture of Morro Bay!

Want to live in a picture-perfect town? Then Morro Bay may be just the place. Every view is a postcard, and those views could be yours, every day, if you choose Morro Bay as the place for your new home.

Conveniently located about midway between San Francisco and Los Angeles on the beautiful California coast, Morro Bay is named for the rock that dominates its sea-view and attracts flocks of tourists all year round. The town’s most striking feature is Morro Rock, a 576-foot-high volcanic plug that’s located at the entrance to the harbor. (Morro Rock was originally surrounded by water, but years ago they filled the northern channel to make the harbor. “The Rock,” as locals call it, was quarried up into the 1960s, but it’s off-limits now. You can walk around the base of The Rock, but you can’t climb it, as it’s a peregrine falcon reserve.

Morro Bay is still a working fishing town, with all the small-town activities that you could want—a winter bird fest, a kite festival, town-wide yard sales, the Amegn bicycle tour, Art in the Park and Bands on the Run—but also gives you the opportunity to enjoy upscale living in one of many luxury neighborhoods.

Everyone who visits wants to stay; tourists speak longingly of what it might be like. You could be among the fortunate who actually call Morro Bay home! Many neighborhoods feature luxury homes with stunning views of the bay and relaxed California living. Morro Heights, for example, is filled with homes that are each a statement of elegance, ranging in price from the high six hundred thousands into the low millions. Every amenity is there: travertine floors, Viking appliances, fireplaces, hot tubs, waterfalls, and more await you.

And we await you, too! Before you have a look at any of these stunning properties, Avrus Financial and Mortgage can help pre-approve you for a jumbo mortgage so that you can house-hunt knowing exactly what you can afford. We know all about (and appreciate!) the beauty of the mid-California coast and would like nothing more than to see you and your family find a place for yourself here and call it your home. We’ve been helping people like you secure preapproval for jumbo mortgages for those perfect homes for decades, and we can help you, too.

Why not ask us how today?