Find Low 15 Year Jumbo Mortgage Rates
If you can afford the mortgage payments
associated with a 15 year jumbo loan, then
you will likely save thousands of dollars
in interest over the life of your loan.
15 year jumbo loan rates are typically
lower than 30 year jumbo mortgage rates.
In most parts of the United States, the
conforming loan limit is $417,000 (as of
2009). Loans from $417,001-$650,000 are
often considered jumbo loans while loans
from $650,001-$3,000,000 are described as
super jumbo loans. When you speak with a
loan advisor, be sure to ask them for the
conforming loan limits in your area. You
may be surprised to find that you qualify
for lower conforming jumbo pricing instead.
15 Year Jumbo Loan Benefits
- Lower rate and less interest typically
owed than with a 30
year jumbo mortgage.
- Principle is reduced faster than with 30 and 40 year loan products.
Researching 15 Year Jumbo Mortgage Rates
The company that compiles the rate surveys
displayed on this site does not typically
poll for 15 year jumbo loan rates. Still,
most companies offer this product so you
can reach out to several of the lenders
and brokers in the survey and ask for a
customized quote. You may also want to call
your local bank to see if they offer a competitive
solution. Best of luck in your search for
low
current mortgages rates.
|
