3 days before closing CD from lender is sent out?
DDA Mortgage • July 22, 2019
CDs go out from the lender not the title company. It's missing some important numbers.
Don't let the CD letter send you into a panic. Know these important things about the CD letter and how it affects you.
Check out our other helpful videos to learn more about credit and residential mortgages.

 New conforming loan limits increase to $832,750, which is great considering we have had price decreases on homes this year. So if you put down 3% the purchase price would be $858,051, and 5% down would be $876,578. Why would that matter? Well, you go above, and you are in Jumbo territory, where you have to put 20% down vs the 3% or 5% down. So, really great news that there is an increase, and when rates do come down, there will be all the homeowners who have the low interest rates, probably make a move to either downsize or upsize on their home, which will create activity and an increase in home prices. So overall, exciting to see the loan amounts increase to help offset the higher home prices tune in and learn https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329




