Mortgage lenders began to tighten their purse strings when the coronavirus crisis hit the U.S. earlier this year, raising requirements for all borrowers and for those taking out large home loans in particular.
Mortgages that are too large to be purchased by Fannie Mae or Freddie Mac, the government sponsored enterprises that buy home loans, are known as jumbo loans. Across most of the country, a mortgage larger than $510,400 is considered non-conforming and fits in the jumbo bucket, though in some expensive markets the jumbo loan limits is as high as $765,600.
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a voicemail menu or been stranded on hold by a customer service rep knows how maddening it can be to get help over the phone. According to an American Express survey, more than half of callers say they’ve lost their temper while on the line with a representative. That may explain why more and more people are turning to social media to vent their frustrations. In a J.D. Power survey of more than 23,000 online shoppers, 67% reported having used social media to lodge a complaint.
new vehicle, get serious about shopping now. December tends to deliver the deepest discounts of the year, with buyers receiving an average 7.7% off MSRP, TrueCar.com finds—vs. 6.8% in January, for instance. For an average buyer, that’s more than $300 in savings.
Daniel Bortz 