Seattle Jumbo Mortgage Opportunities

• Keith Akada
• November 5, 2009
• Seattle Home Loans

Are you in the JUMBO home loan range? 

Do you want to refinance at historically low rates? 

Now is the opportunity!!!!

 

Purchase Scenario:

Price $1,000,000

Fico Score 720+

Full Document required (paystubs, W2, tax returns, asset statements)

Single Family Residence

Owner Occupied

30% Down Payment

 

 

A. Mortgage	Loan Amount	Program	Rate	Monthly Payment	Prepay
1st	$417,000	30 yr Fixed	4.875%	$2,206.79	None
2nd	$283,000	HELOC	4.750%	$1,120.20	$500 Max
			Payment Total:  $3,326.99
B. Mortgage	Loan Amount	Program	Rate	Monthly Payment	Prepay
1st	$700,000	5/1 Arm	5.000%	$3,757.75	None
			Payment Total:  $3,757.75

Apr (A.) 1^st 5.003% (B.) 1^st 4.154%

Payment Savings:  $430.76 per month.

 

All long term JUMBO fixed rates have been priced high because of the financial crisis.  Many lenders have stepped into the market offering short term Adjustable Rate Mortgages (ARM).  The downfall is we do NOT know where rates will be in the near future when your ARM matures.

 

The JUMBO home loan combo option is back and strong.  Take advantage of this opportunity before the opportunity is lost.  If you are looking to REFINANCE, please ask!

 

Please ask questions directly at 425.818.2078.

 

Thanks

The Mortgage Reel