Jumbo Mortgages In 2016
The Wall Street Journal had a great article about “Whats Ahead for Jumbo-Loans Borrowers in 2016.” It goes on to talk about with a down stock market you could see rates get even lower and as I say time and time again, every 1% increase in an interest rate reduces your buying power 11%. And it might be a great time to refinance your current loan too.
If you are buying in Fort Lauderdale and South Florida there is a good chance you might need a Jumbo Loan as property values have increased. A Jumbo Mortgage is any loan over $4170,000. These types of loans can have stricter requirements but since we have multiple investors we are able to have more flexibility to get your deal done along with great rates!
Call or email us today to find out more!