Super Jumbo Mortgage - Mitigants - Interest Rate

Interest Rate

While Interest Rates are rarely the focal point of a typical Super Jumbo mortgage borrower's shopping list (most focus on cash flow and tax benefits), lenders routinely charge higher interest rates on super jumbo mortgage products than they would for a borrower with similar qualifying criteria in a conventional jumbo loan, in large part to account for their risk and reduction of liquidity. Below $1,000,000, super jumbo mortgage rates are generally within 50 basis points (half of a percent) of an equivalent jumbo mortgage interest rate, however above $2,000,000 rates can be 1% to 2% higher or more.

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