With all the hype and bad news out there people are wondering whether they can still get a loan for JUMBO mortgages. The Answer is YES!!
My friend and business advocate Michael Tafuri says it is possible and he works for a company that specializes in nich market.
Some pointer he gave me are
April 24 2008 the rate for a loan over $1.5 million is 6.5% for a 30 year fixed.
FREE 90 LOCK
If the rate goes lower by the closing date the for $350.00 at the closing you can get the lower rate.
You never have to refinance because the loan can be modified and this is a portfolio lender
If you have an interest and want more information his contact info is:
Michael Taffuri, Senior Loan Officer
Investor Savings Bank subsidiary ISB Mortgage Co. LLC
email: [email protected]
PLEASE let him know you found him through me. Thank you!
Also here is the link to their rate page