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One point amounts to 1% of the loan amount and is paid at closing. Points don’t always have to be round numbers. Purchasing 1.5 points would cost $3,000 on a $200,000 mortgage. Jumbo Loans: Loans over a certain amount are called jumbo loans. In most states, mortgage loans greater than $453,100 are jumbo loans.
SAN DIEGO – Guild Mortgage, one of the largest independent mortgage lenders in the U.S., has been named as a 2016 Top 100 Mortgage Company by Mortgage Executive Magazine. Appearing in the magazine’s Spring 2017 edition, the ranking features the nation’s top 100 closely held mortgage companies and publicly traded banks based on total yearly [.]
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