Found 1 blog entry tagged as Luxury Market.

The recent real estate report of May 2012 has given a boost of confidence to companies associated with real estate.  The people who sell luxury homes across the land have even more reason to celebrate.  Improved conditions in the market are enticing more transactions for properties priced at $500,000+.

Defining Luxury Home Loans

Fannie Mae and Freddie Mac, the two largest conventional mortgage lenders, have long held in place some guidelines about loan amounts.  One rule is the maximum mortgage that they will underwrite.  As of this writing that maximum rests at $417,000.  For all intent and purposes, that amount would seem more than fitting for the vast majority of American looking to buy a home.  But you might be surprised to learn that there are…

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