Interesting information on jumbo mortgages from WJ Bradley:
While other mortgage lenders are still shying away from jumbo loans, WJB is pleased to offer two types of jumbos to meet the diverse needs of our clients.
Borrowers who need to access more than the conventional loan limit can use a jumbo loan to purchase or refinance a larger home. Great for move-up buyers with expanding families, those looking for a bigger home or current homeowners who want to take advantage of low rates!
- Jumbo 1 offers a 30-year fixed rate along with a 3/1, 5/1 and 7/1 Treasury ARM with loan amounts up to $1,500,000.
- Jumbo 2 offers a 30-year fixed rate along with a 5/1, 7/1 and 10/1 Libor ARM with loan amounts up to $2,000,000.
- Interest-only option may be available.
- Cash-out refinancing may be available.
- Second homes and condos may be eligible.
Are you ready to purchase a new home or refinance your current property?
Let us know if you have any questions,
Your Bass Lake Realty Team
**Courtesy of WJ Bradley Mortgage Capital Corp.
Karen Brown – Loan Officer