Jumbo Loans are categorized by loan
amount size for the mortgage you are requesting. Any
mortgage loan that exceeds $333,700 is defined as a Jumbo
Loan. A Super Jumbo Loan is defined as any loan amount
exceeding $650,000. FreeMortgageRequest.com, in additional
to traditional financing, has access to several
programs that can reduce your monthly payment and provide
four payment options:
Based upon a $650,000 loan
amount:
 Minimum Payment: $2,386.31 Interest Only Payment $2,650.92 30 Year Payment $3,447.35 15 Year Payment $5104.34
The principal and interest payment on a
traditional Jumbo Interest Only LIBOR ARM at an interest
rate of 6.75% for a loan amount of $650,000 would be
$4,215.89. Each of these loans have their benefits, however,
the preceding provides the most flexibility with the most
payment options for any Jumbo Loan customer.
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