California Jumbo Refinance

Good day,There are still lenders that can refinance this type of mortgage loan. Your credit score looks in-line but we may have to look into paying some the loan down to a lower LTV. But we will need to start with a loan app so I can see the whole picture. You can look to my web site to start the process http://bayareahomeloans.org or call me 510-301-1827

Great question. First off, it makes all the sense in the world to refinance from an interest only to a fully amortizing loan with rates as low as they are. What will need to be addressed is the fact that the maximum loan amount will be 80% of the appraised value. In fact, the appraisal is critical. We are based in Southern California and know the coastal market and employ appraisers that live and work in that market. That is the most critical step with respect to your situation. Independent of the appraisal, you will need to borrower a maximum of 80% of the appraised value. In your due diligence, feel free to call me direct at (951) 682-1336, xt. 7220. Matthew Rundle.

There are options available for you, however most require 20% equity. There is also a great loan product that would require you to pay down your mortgage. It's a first lien Home Equity Line of Credit. This would allow you to tap into your equity anytime you want to and you only have to qualify once. WilliamAcres.com