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Jumbo Loan Finaning Options

Jumbo loan financing has tightened up with the credit market changes

 

The mortgage market meltdown and credit crunch has fallen hardest on alternative markets such as non conforming and jumbo loan financing. An alternative to applying for a traditional jumbo loan is to apply for a first mortgage of $417,000 and then take out a 2nd loan or equity line of credit for the balance. To find out if this makes financial sense have your lender computer your blended rate and compare this against the rate you are being offered on a jumbo loan.

11-28-2007 ? LoanNetwork.com

 

 

 

 

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