Jumbo Loans May be Easier Than Ever To Obtain

Many deep-pocketed borrowers are paying lower rates on jumbo loans when compared to the average borrower. Jumbo loan borrowers have been experiencing interest rates that are at an all time low, and now many lenders are waiving mortgage insurance, lowering credit standards, and requiring minimal down payments as low as 10%. In some cases, the lessened requirements are justified by jumbo borrowers’ lower default rate. More here

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