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 specific 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. Depending on market conditions and the type of mortgage you are looking for, you may end up working with a bank rather than a mortgage banking firm.
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