Bank vs Broker: What’s the Difference in Mortgage Services?

“Should I work with a bank or a broker?” This is a question often asked by home buyers as they evaluate options for a mortgage service provider who will best suit their needs. Recent news has only done more to shine a bright light on how the lines between mortgage services, traditional banking (such as checking and savings accounts), and higher level investments are blurred. Consumers today have choices that come with greater complexity and consequence than in years past.

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What You Need to Know About Reserves and Jumbo Loans

In areas like the San Francisco Bay Area, where median home prices tend to hover around the million dollar mark, mortgage loan amounts often exceed the conforming and high balance conforming loan limits (respectively, $417,000 and $625,500, in most local metropolitan statistical areas). The ability to offer well-priced, comprehensive jumbo loan programs to meet the needs of buyers in all the regions we service is a necessity here at RPM.

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