Lower Jumbo Rates

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blog-author-clayjeffreys3

For those out there looking to buy a home with a Jumbo loan, which is a loan amount over $417,000, there are a couple of broad options.

  1. Go with great customer service, but maybe a higher interest rate.
  2. Use one of the big banks who, at times, “discount” the Jumbo interest rate if also opening a checking account at their institution. The larger banks do this sometimes with their Jumbo loan rates as a “loss leader”…. discount the rate to secure a financial relationship with other investment accounts.

So those are the broad options… dealing with some of the potential downfalls with a big bank for a lower rate OR great service but at a higher rate. If there were only a way to combine the two. Well, there is!…

We now have access to one of the larger bank’s Jumbo loan program, which works like this:

  • their Jumbo rates are some of the best in the market, and there is a way to make them even lower.
  • if you open a checking account and agree for the mortgage to be paid via auto draft from that checking account, the interest rate is lowered an additional 0.250% in rate.
  • you get to work directly with a smaller licensed lender at Dunwoody Mortgage Services. I would be your direct contact from start to finish. You would never have to phone a call center or be placed on hold waiting to speak to someone.

It is the best of both worlds!

Looking to buy a home and needing a Jumbo loan? Wanting to avoid call centers and being on hold to get updates on your loan? If you are buying in the state of Georgia, contact me today. I can help you get started toward your home ownership.

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One Response to “Lower Jumbo Rates”

  1. Jumbo Loan FAQs | The Mortgage Blog Says:

    […] Professional, Honest Mortgage Advice from Dunwoody Mortgage Services « Lower Jumbo Rates […]

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