Looking for a jumbo refi

More info needed, but in general, you would be doing a "Cash out" refinance, since you are paying off a 2nd.. and cash out transactions are priced higher than a rate and term refinance.. Also, your blended interest rate right now is about 4%.. jumbo rates are most always going to be some type of ARM.. so, it's possible to get under 4%.. but without knowing much more details, it's impossible to say.. The best advice I can give you is to contact a mortgage bank/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893