Earn Your Leisure

Welcome to another insightful clip of EYL Medium! In this clip, hosts Rashad Bilal and Troy Millings bring on mortgage expert Matt Garland to break down everything you need to know about jumbo mortgages and DSCR loans.Have you ever wondered what a jumbo mortgage is and how it differs from conventional loans? Matt Garland dives deep into the specifics, explaining that jumbo mortgages are loans that exceed the limits set by Fannie Mae and Freddie Mac. If you're dreaming of owning a mega-mansion, a jumbo mortgage might be your ticket. However, these loans come with stricter qualification criteria, including a lower debt-to-income ratio and full documentation, such as W-2s, pay stubs, bank statements, and tax returns.Matt also delves into options available for self-employed individuals who might not have traditional income documentation. He highlights popular choices like bank statement loans, where lenders assess income based on business bank deposits over a 12-month period. These loans come with higher inte