Jeremy Woodson is the local expert on finding the best Rivercrest Jumbo Mortgage Rates. The market for jumbo mortgage rates diminished after the credit crunch of 2008. At that time the only types of mortgages investors would touch were ones that could be sold to Fannie Mae, Freddie Mac, and Ginnie Mae. Since these GSE's don't purchase or guarantee loans above their conforming limits there was no market for the jumbo mortgage rates during that time period.
So anyone who obtained a Rivercrest Jumbo Mortgage Rate in the last few years should definitely call their local expert Jeremy Woodson to discuss the huge savings that can take place by dropping their jumbo mortgage rate by as much as 4%. Today I took a Rivercrest client down from 8.125% jumbo mortgage rate on a 30 year interest only to a 4.125 30 year fixed jumbo mortgage rate.
The weathlier clientelle of Rivercrest, many of which people would think may be debt free, are taking on what they call cheap money, because the economic policy of the Federal Reserve has driven conventional and conforming rates down but as a result the jumbo mortgage rates are also hitting all time lows. With Rivercrest Jumbo Mortgage Rates in the Low 3% range on a 3/1 ARM one can certainly see the advantedge of using your homes equity to pay for some of the costs of life. The stock market has been having a rough year so it might not be the best time to take a haircut on your securites account. Borrowering money for a few years at a jumbo mortgage rate of 3% sounds like a pretty good option for many of the Rivercrest Wealthy.
After the credit crunch, we already discussed the market for jumbo mortgage rates had dopped off the face of the earth. We also gave an example of a vintage 2008 jumbo mortgage rate and compared it to a current jumbo mortgage rate. Well when jumbo mortgage rates skyrocketed in 2008 the guidelines you had to pass to qualify for one became a lot more strict. Today, now that there is a renewed market for jumbo mortgage rates, we are seeing less strict guidelines on the jumbo programs. The wealthy people of Rivercrest are opting for the cheap money and they are going with Jeremy Woodson for the best Rivercrest Jumbo Mortgage Rate.
Check out this great Rivercrest Jumbo Mortgage Rate video from youtube:
These items expressed are not an offer to lend. These are not the words of AmeriFirst Financial. Please visit ushomeloans.us for a fully compliant mortgage bank website. This blog is for entertainment purposes. This is not an offer to extend credit.
