Posts

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

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

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?

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?

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

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