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What rate are people getting for jumbo mortgages?
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SecretTTCer
LIF Adult
Member since 6/08 2284 total posts
Name:
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What rate are people getting for jumbo mortgages?
Chase just quoted me 4.75 for a loan of $900K with 25% down (30 year fixed). I was curious what other people were getting. They said that I could apply for an exception and put down 20% since we had good credit. They claim that they are now requiring 25% down in Long Island because it is considered a declining market. 
Message edited 10/21/2010 10:25:49 PM.
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Posted 10/21/10 9:42 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Bearcat
Love my little girls!!! <3
Member since 6/10 10818 total posts
Name:
E
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Re: What rate are people getting for jumbo mortgages?
I just closed a week and a half ago with 4.625 with bethpage. It's gone down since then to 4.5.
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| Posted 10/21/10 9:51 PM |
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Salason
♥
Member since 6/05 9878 total posts
Name:
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Re: What rate are people getting for jumbo mortgages?
IMO 4.75% for a TRUE jumbo (and not just a high bal nonconforming) is INSANE! We're refi-ing and getting 4.5% for a high bal nonconforming.
ETA: to clarify that is insanely GOOD (because the secondary market for true jumbos is still shut down but I can go on and on about that...)
Message edited 10/21/2010 10:16:32 PM.
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| Posted 10/21/10 10:14 PM |
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