Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation.
A mortgage loan, which exceeds the limits, set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Since these two agencies will not purchase these types of loans, they usually carry a higher interest rate (to enhance their value and marketability to investors).
Cash out and No cash out refinance are allowable. Single family detached, Condo’s, PUD’s and single-family second homes can be financed with no prepayment penalty
Jumbo Loans
by webmaster on 14. Apr, 2010 in Glossary of Terms, Our Services