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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (87220)	8/27/2007 11:07:24 PM
From: Live2Sail	Read Replies (1) \| Respond to of 306849

in your hypothetical you were suggesting getting 10%, i said 'good luck' Of course, there are few people who will pay 10% unless they completely misunderstand how the economics of loans work. Lizzie implied that I thought that there were few lenders who do jumbos. I just want to know what the terms and rates are to get a jumbo. In your messages, I inferred that you were calling me not-so-smart for asking 10% for a jumbo, but then you said Hudson was getting 6.83 and they were smart. I could be not-so-smart, but the statements in your posts seemed dichotomous. It's all in the terms -- how much down, how many points, what's your credit history/score, what's the interest rate. I want to know what it takes to get a jumbo in this area with 20% down and zero points. Or, does someone have an up-to-the-minute rate menu for jumbos.