Buying a large and expensive home? Are you worried about high rates on your mortgage loan? Maybe you’re looking to refinance on your current mortgage. High-income earners should be aware of Jumbo Loans and the effects it can have on your rates.
A mortgage loan is classified as a Jumbo loan if it exceeds $647,200. Although they are classified as nonconventional, the lending standards for Jumbo Loans are similar to those for conventional lending. Any loans greater than $647,200 is automatically classified as “Jumbo”.
We are partnered with some of the largest wholesale lending companies and institutions in the country. Their competitive interest rates paired with our experience in Jumbo Loans since 2006 gets you the best deal.
Want to avoid Jumbo? Ask us about the Split-Loan option and how Trust in Equity can help you get better rates.