Jumbo Mortgage Purchase
I am working on a Jumbo mortgage purchase for a Gentleman who is buying a 1,400,000 dollar home. He is making a 400,001 down payment and wants a 7/1 Interest Only Adjustable mortgage. He is qualified full documentation and his mortgage rate is 6.5%. His mortgage payment will be 5,411/month. In the current mortgage environment it is important to get in touch with a jumbo mortgage planner who knows which banks offer the best jumbo mortgage rates. Please contact us with any rate or guideline questions in regards to jumbo mortgages.