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5 Things You Should Know About Refinancing

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If you currently have a jumbo mortgage with a balance that is greater than $417,000 and less than $625,500 you can now refinance and save on your monthy payment. As you may know the old FNMA mortgage limit was 417,000. This means that you can now save on your current jumbo rate by refinancing with a new conforming interest rate.

1 Family = $625,500

2 Family = $800,775

3 Family = $967,950

4 Family = $1,202,925

 If you currently have a Jumbo Mortgage with a HELOC or Piggyback 2nd mortgage this is your time to refinance into one new mortgage at a substantially lower rate!
 

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