Posts

When “Big Bank” Purchases Die And Come To JVM; What We Learn

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A listing agent we know well called us recently b/c one of his listings died at Chase at the 11th hour – and he wanted us to salvage the deal. I am not trying to beat up on Chase either, as we sell a ton of our jumbo production to them and we also know […]Read More

Understanding Your Debt-To-Income (DTI) Ratio in Dallas

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Dallas borrowers often have questions about how much income they need to purchase a house or condo. Lenders use a debt-to-income (DTI) ratio to determine how much income a borrower needs to fund their purchase or qualify for financing. Most lenders in Dallas, Texas, recommend that borrowers stay within a 45% – 50% DTI limit. […]Read More

Will Student Loans Impact a Pre-Approval in Dallas?

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The national student loan debt has now surpassed $1.6 trillion and comprises 42% of all consumer debt. Millennials have most of the student debt, which has increased by 130% since 2008. Graduates in Dallas, Texas on average finish school with $24,000 in student loan debt. Buyers Are Afraid Of Their Debt With all these outstanding […]Read More

Will Student Loans Impact a Pre-Approval in Austin?

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The national student loan debt has now surpassed $1.6 trillion and comprises 42% of all consumer debt. Millennials have most of the student debt, which has increased by 130% since 2008. Graduates in Austin, Texas on average finish school with $25,000 in student loan debt. Buyers Are Afraid Of Their Debt With all these outstanding […]Read More

How Do “QM” Rules Affect Lending? They Don’t at JVM Lending

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We have discussed new “QM” (Qualified Mortgage) rules several times, and how the new rules are supposedly tightening lending guidelines. QM prohibits loans with negative amortization, interest-only payments, balloon payments, and terms greater than 30 years. QM also prohibits loans in which the points and fees are greater than 3% of the loan amount. None […]Read More