Jumbo Mortgage Rates

October 23, 2019

Factors Affecting Jumbo Mortgage Rates, Tampa, FL

Jumbo loans and conforming loans are quite similar when it comes to the factors affecting mortgage rates. So, don’t be surprised if the items listed here are also similar to conforming loans’. If in case you are going to apply for a jumbo loan, consider these factors before you even call the first lender you have in your list of prospects. But first things first, what are jumbo loans? In simplest terms, these are massive loans. Any mortgage loans that are bigger than the conforming loan limit of USD 484,350 are considered a jumbo loan. Because these loans are big, even small decreases in jumbo mortgage rates, Tampa, FL, can translate into a serious amount of savings for borrowers. Thus, […]