Update on the 1.1 Million Jumbo Refinance
My client is mulling another option that recently became available by the bank of a 3/1 ARM. The ARM has a rate of 6.75%. This will save the client more than $1700 per month. The client is mulling this because his children will be in college by then and they will likely downsize. To note, the the difficult aspect of this jumbo mortgage was finding a lender that will go over 1 Million at LTV up to 80%. I have fortunately found two.
Josh K.
Josh K