Will Alt-A Mortgage Products return to Hilton Head?
Be the first to comment on this post Categories: Taxes, Insurance and Ownership ExpensesThe other day one of our clients that buys and sells Hilton Head real estate on a regular basis sent us this article on high end mortgages(Click Here). We asked around for some ideas as to what this could mean and found out the following: Alt-A are wall street securities allow for high quality borrowers to qualify outside of the fannie mae guidelines. So loans higher than $417k can be made to borrowers who have assets but little tax return income, etc etc etc. This may mean that the street will soon be back into the market, which would mean the return of alt-A mortgage products. Which would be interesting. Or it could mean more traders have found a way to heavily profit from mortgages for a third time , with no added value ( of course ).
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