Q: I'm trying to refinance a jumbo loan. Owe $1,350,000; Value about $1.7m. Current rate 6.5%. Any lenders you can recommend?
A: We're not in a position to recommend a specfic mortgage lender for you. However, with a loan of that size, there may be fairly wide variances in rates from lender to lender, so you'll want to shop around in your market very thoroughly.
More help from HSH.com
What is a rate and term refinance?Homeowners have a variety of reasons for refinancing and each reason can indicate that one refinance option or another makes the most sense.
When refinancing at a higher rate makes senseTrade your old mortgage for a new, higher-rate version? There are times when it actually makes sense.
Should I pay off a mortgage early?By making extra principal payments or refinancing your mortgage, you could pay a lot less interest and free yourself from your mortgage ahead of schedule. Here are the pros and cons of retiring your mortgage early.
How does a refinance in 2017 affect your taxes?After a mortgage refinance, there are some specific "dos" and "don'ts" you need to know prior to filing your income taxes, as well as a few pointers that can help you lower your tax bite.