How to Refinance Jumbo Loan at 90% loan to value?

Posted on September 18

Question: I owe 1.020 mil on house that just appraised at 1.125 mil. Is there anyone or anyway to refinance. I am currently paying 6.25, payments are on time and I meet all other requirements?

Answer:
A portfolio loan to 90% is possible with a direct lender. Although only available with ARMs; you should be able to save about 2% from your 6.25% rate on a 5/1 ARM which could save you quite a nice sum of money. Let me know if you need more information.

One thought on “How to Refinance Jumbo Loan at 90% loan to value?”

  1. Yes you can! The best option would be lending tree you type in all the info. Then you can compare what you will qualify for by your credit score. It won’t lower payment that much, because, there is still a lot of principal on the loan. In the 1st year you really only pay the bank interest only.
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