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Not All Bad Credit Mortgage Refinance Loans Are Alike
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theodorelinney: As homes have become more expensive, Jumbo Mortgage Loans have been used more and more. These are for homes where the value exceeds $417,000. Usually a jumbo mortgage refinance loan is at a higher rate than a traditional loan. As values have...
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on 02/01/2010 04:19amAs homes have become more expensive, Jumbo Mortgage Loans have been used more and more. These are for homes where the value exceeds $417,000. Usually a jumbo mortgage refinance loan is at a higher rate than a traditional loan. As values have continued to fall, it may be a good time to see if you can get a home refinance loan that's not a jumbo. This would definitely save you money.
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