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Richard Benoit

Lender

mortgage banking, NMLS#435910 (22 years experience)

Specialties:
Purchase Loan,
Refinancing,
Home Equity,
Mortgage Planning

Advice

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does anyone know the markets for jumbo refis? (chicago)

Answer

With decent credit scores (720 + FICO) and loan to value 80% or better rate / term jumbo refinances are still available. As of 1/17/09 Fifth Third Bank Chicago is offering:6.875% 30 year fixed 6.50% 15 year fixed5.375% 7/1 ARM5.125% 5/1 ARM  Above quotes require 720 FICO and 5/3 account relationship.  Loan amounts $1 million - $2 million available at 1/8% higher interest rate.Cash out rates and 700 FICO quotes are available upon request.[content removed by moderator for being self promotional]

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