The Benefits of Jumbo Mortgage Loans
Jumbo mortgage loans are ideal for folks looking to get more home for their loan. With rising house costs, jumbo mortgage loans make purchasing your dream home possible. There are many benefits that come along with obtaining a jumbo mortgage loan, including all of the following:
More Home & More Financial Freedom
If you’re searching for a home with a large price tag, a jumbo home loan may be a viable solution. With a jumbo mortgage loan, you can attain a home loan that’s greater than $400,000. Plus, since you won’t have to invest all of your savings into your home, you’ll be able to keep financial stability as you purchase your home.
One Loan Over Several
In certain situations, people may be forced to take out multiple mortgages simultaneously to purchase a home. With a jumbo mortgage loan, you’ll only need one loan. That can mean lower total monthly payments.
Variance in Loan Options
Jumbo mortgage loans can be obtained in the form of an adjustable rate mortgage (or ARM), as interest only jumbo mortgage loans, or as various other loan forms. Each home loan package has it’s own benefits and rates.
Competition Means Great Loan Rates
The market for lenders to provide jumbo mortgage products is competitive. That’s good news for borrowers; and it’s why Mortgage Base is proud to provide fair, competitive mortgage rates on our jumbo home loan products.
If you’re ready to start browsing for the right loan for your dream home, feel free to check out a list of our mortgage products here. Or if you have any questions about our loans, including our jumbo and super jumbo mortgage loans, feel free to get in touch with us here.