Jumbo Loan-30 Y 7/1 ARM @ 2.375%
Wells fargo is offereing 7/1 arm at 2.375% interest rate with 12k as lender credit on a jumbo loan of 1.5 mn.Is this a good deal?
Say more..sounds too good. I got a rate lock for 2,75 for a similar loan
Which bank?
Yeah if you wanna be Jumbo under water in a few years lmao Leverage is leverage mang
TC?
Yea sounds fine. You can get it down to 1.8x with their relationship discount if you have the money to do a flyby.
This is with relationahip discount
Ok, then the next tier :)
What’s your credit score? I’m also in the process working with WF on a jumbo loan and I’m not getting anywhere near your quoted interest rate
805
Deposit your dp in a WF account.Get quote from boa and wf.exchange quoted of both between the agent and you will land up at the above numbers.:-)
Who is the loan agent ?
Purchase or refi? Sounds too good.
Purchase
The numbers look too good. I got a 7/1 a couple years ago at a higher rate (still less than 3%). Now in the market for refinancing and am not getting the same rate (Refi rates are higher than purchase rates) so consider yourself very lucky. What are you getting for 30 year fixed?
What rates are you getting for refi?
3.1
Once you explain the tagged companies
They are the only ones who can afford a 1.5 m house
Lmao. You are brutal.