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Getting the best Jumbo Loan
Jumbo mortgage loans typically have a higher rate than loans that are considered conventional and within the Fannie Mae and Freddie Mac loan limits. Rates may differ by .125% or more depending on the type of loan. It’s important to compare a few lender’s quotes to make sure that you’re getting the best jumbo loan possible.
Jumbo Mortgages - Why do they cost more?
Jumbo loans typically have a slightly higher rate because the risk associated with one loan is greater than a pool of several smaller loans. Also, the market for Fannie Mae and Freddie Mac loans is greater and since these organizations have the ability to raise large sums of money through highly rated bond offerings, the mortgage rates of lenders that sell to them are usually very competitive.
Multiple Quotes - Get up to four
Complete your application above and get multiple offers on your Jumbo Mortgage loan. The application is quick and concise and you will be pleased with the mortgage quotes that you receive.
Wherever your property is located within the US, MyLoanExpert submits your application to lenders who are qualified to lend in your state.
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