CREOLE COTTAGES IN UPTOWN, NEW ORLEANS

In the city of New Orleans the term Creole cottage tends to be more narrowly defined as a one story house with a gabled roof, the ridge of which is parallel to the street.

I love the cottages in New Orleans. Some features of this style of house are thought to be influences from places in France's former colonial empire. The front porches are believed to originate from the Caribbean islands. The high gabled roof is thought to be of French Canadian origin.

HOMES AND CONDOS, NEW ORLEANS, LA

JUMBO LOANS ARE BACK!

Jumbo mortgage loans, which sizzled during the housing market’s rise to the top, and then fizzled out during the real estate market’s collapse, are back with many flexible products. As a result more consumers are able to consider purchasing luxury homes.

Even during the downturn, lenders continued to make some jumbo loans to their very best clients-those with stellar financial pedigrees that included high credit scores, high cash reserves and sizable down payments, sometimes of more than 30% of the purchase price.

What’s different today is that demand for big loans is on the rise, and lenders are eagerly stepping in at a time of recovering home prices and improved economic reports.