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WebSource Jumbo Loans and Super Jumbo Loans
Have you ever wondered why they gave the name Jumbo
Loans and Super Jumbo Loans to certain loan amounts? Well it starts
with the obvious, the loan size. Jumbo loans start at $417,000 and
go up to $650,000. Super jumbo loans start at $650,000 and go up
from there. For many Jumbo Loan lenders it has long been what they
feel is a right to quote higher rates and fees because of the higher
or Jumbo loan amounts. Not only are the rates higher but the loan
to values are lower for Jumbo Loans and the over all guidelines
are more strict.
For a select few lenders for Jumbo Loans and professional
Jumbo loans consultants it has now become a way to build a national
referral base and long
term loyal repeat jumbo loan customers who feel they have long
been taken advantage of because of their financial status.
| ►Purchase
- Jumbo Loans |
Finance your dream
home with any of our jumbo loans. Learn how to increase your
purchasing power and avoid high closing costs. Learn More about
Jumbo Loans and Super Jumbo Home Loans
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Interest-OnlyLoans.com has spent many long hours interviewing
these jumbo loan professionals so you will have access to lenders
that specialize in Jumbo loans & Super Jumbo loans. You can
rest assured you will be contacted by one top jumbo mortgage professional
from a company that has demonstrated the ability to give you the
most competitive rate quotes on all products in the industry today.
If you would prefer to be contacted by more than one company specializing
in jumbo loans, simply write a brief statement in the comments section
of the request a quote form and we will have up to three jumbo lenders
contact you, it's your choice.
After surveying thousands of frustrated
borrowers that visited numerous other online lender sites, one
of the top complaints was that they
were overwhelmed by numerous phone calls and emails from many
lender representatives that could not answer common Interest-Only
questions
regarding jumbo loans and the different loan products, margins & related
jumbo indices, (Libor, MTA, COFI) and how the overall programs
worked in general.
There are many different Interest-Only Jumbo
Loan ARM programs
available today. There are also numerous Jumbo Loan indices to
choose from.
Some products like the 3, 5, 7/1& 10/1 ARM’S have different
1st adjustments & lifetime caps, some are libor based loans
and others are treasury loans. The 1 & 6 month I/O Jumbo ARM’S
are usually libor based loans. The pay-option ARM is also gaining
popularity; they offer 4 different payment options every month
including a jumbo Interest-Only payment option. There is however
a possibility
of negative amortization or deferred interest so you must make
an informed decision before moving forward on this Jumbo loan
product.
It takes a seasoned professional who specializes in
Interest-Only Jumbo Loans to explain every loan in detail. We have
spent countless
hours interviewing these Jumbo professionals so you won’t
have to.
Please take a moment and fill out our short request
a quote form and a seasoned professional specializing in Jumbo Loans
and Super
Jumbo Loans will contact you within 24 hours to answer any questions
and provide you with a competitive rate on the Jumbo loans products
of your choice. There is no obligation and no credit report
will
be pulled.
| ►Refinance
- Jumbo Loans |
Refinance your current
home with any of our Jumbo Loans. Learn how to take out equity
or reduce your payment with a large selection of our Jumbo Loan
Products
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Your feedback
is welcomed so please don’t hesitate to contact
us at support@interest-onlyloans.com and
let us know how your experience went with our select Interest-Only
Jumbo or Super Jumbo Loans Lenders.
The next step is yours!!! Click
here to request a Jumbo Loan quote!
Jumbo Loans and Super Jumbo Loans - We know these
Jumbo Loans!
Limits for Jumbo Loans
With the growth of the housing market, the average price of homes increase steadily throughout most of the U.S. Fannie Mae adjusts their limits from time to time to meet the demand of rising home prices. Any mortgage amounts over the Fannie Mae limits below are considered Jumbo Loans. The new limits for 2006, 2007 & 2008 are posted below these charts.
Jumbo Loan Limit for: |
2005 |
2004* |
2003 |
2002 |
One-family |
$356,650 |
$333,700 |
$322,700 |
$300,700 |
Two-family |
$460,400 |
$427,150 |
$413,100 |
$384,900 |
Three-family |
$556,500 |
$516,300 |
$499,300 |
$465,200 |
Four-family |
$691,600 |
$641,650 |
$620,500 |
$578,150 |
|
Jumbo Loan Limit for: |
2001 |
2000 |
1999 |
1998 |
One-family |
$275,000 |
$252,700 |
$240,000 |
$227,150 |
Two-family |
$351,950 |
$323,400 |
$307,100 |
$290,650 |
Three-family |
$425,400 |
$390,900 |
$371,200 |
$351,300 |
Four-family |
$528,700 |
$485,800 |
$461,350 |
$436,600 |
Announcing the 2006, 2007& 2008 Jumbo Loan Limits:
| Continental U.S. |
Alaska & Hawaii |
| 1-Unit* $417,000 |
1-Unit* $625,500 |
| 2-Unit $533,850 |
2-Unit $800,775 |
| 3-Unit $645,300 |
3-Unit $967,950 |
| 4-Unit $801,950 |
4-Unit $1,202,925 |
*Includes Condominiums, Co-ops and PUDs
Step away from the pack and let us place your Jumbo and Super Jumbo Loans
with a much higher standard!
Ask about the economic stimulus package approved by congress. The new higher "Conforming Jumbo" loan limits are posted. Apply today and talk to our mortgage professional to find out your county's new limi and how it affects you.
As high as $729,300 in some areas!
For Super Jumbo Loans to $20,000,000 click here!
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