Jumbo Loans Articles

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Refinance a Jumbo to a Conventional Mortgage - 2021 Loan Rate Savings
Jumbo Loans

Refinance a Jumbo to a Conventional Mortgage - 2021 Loan Rate Savings

Good news for Jumbo mortgage holders! If you have a current mortgage balance under $548,000 most likely you have a higher rate than necessary. The increase in 2021 for conforming home loan limits are increasing to $548,250 for a single-family unit in most parts of the U.S. This increase is up from the previous limit of $510,400 in 2020. Conforming loan limits in 2021 can go as high as $822,375 in Alaska and Hawaii in 2021. So for example, if you have a current Jumbo mortgage with a balance of say $530,000 you can now potentially qualify for a better conforming loan interest rate.

David Mully
2 months ago
Why Jumbo Mortgages Are So Cheap
Jumbo Loans

Why Jumbo Mortgages Are So Cheap

Jumbo mortgage rates are at 25-year lows , beating interest rates on traditional, conforming loans. At first glance, that doesn't make sense because jumbo loans are for expensive homes.

Kara Johnson
7 years ago
Special Factors for Jumbo Mortgages
Jumbo Loans

Special Factors for Jumbo Mortgages

They say that bigger is better. And that adage may be true with respect to jumbo mortgage loans. With a jumbo mortgage, you generally get a bigger home, bigger debt balance, and bigger monthly payment.

David Mully
11 years ago