Comments on: Try getting a jumbo loan … http://www.bostonreb.com/2009/10/try-getting-a-jumbo-loan/ Boston real estate, Boston condos, Boston luxury condos, Boston luxury real estate, Back Bay condos, Back Bay real estate, Back Bay luxury condos, Boston Back Bay condos Mon, 06 Feb 2012 05:38:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: condobuyer http://www.bostonreb.com/2009/10/try-getting-a-jumbo-loan/comment-page-1/#comment-12374 condobuyer Wed, 28 Oct 2009 03:54:22 +0000 http://www.bostonreb.com/?p=24105#comment-12374 I agree with Rich. If you don't have 200K down, you shouldn't be getting a $2M mortgage. I feel 10% should be the absolute minimum for any purchase. I agree with Rich. If you don’t have 200K down, you shouldn’t be getting a $2M mortgage. I feel 10% should be the absolute minimum for any purchase.

]]> By: Rich http://www.bostonreb.com/2009/10/try-getting-a-jumbo-loan/comment-page-1/#comment-12371 Rich Wed, 28 Oct 2009 00:58:27 +0000 http://www.bostonreb.com/?p=24105#comment-12371 Requiring a $200K or $250K down payment for a $2M mortgage loan hardly sounds like a big issue. If I were an banker, I would want to see much more skin in the game, say $1M. OTOH, the comparable sales rules sound flawed to me. Requiring a $200K or $250K down payment for a $2M mortgage loan hardly sounds like a big issue. If I were an banker, I would want to see much more skin in the game, say $1M.

OTOH, the comparable sales rules sound flawed to me.

]]> By: confused http://www.bostonreb.com/2009/10/try-getting-a-jumbo-loan/comment-page-1/#comment-12357 confused Tue, 27 Oct 2009 17:35:21 +0000 http://www.bostonreb.com/?p=24105#comment-12357 Friggin banks....what, do they want to be paid back or something? Friggin banks….what, do they want to be paid back or something?

]]> By: anon2 http://www.bostonreb.com/2009/10/try-getting-a-jumbo-loan/comment-page-1/#comment-12356 anon2 Tue, 27 Oct 2009 17:03:54 +0000 http://www.bostonreb.com/?p=24105#comment-12356 Bankrate dot com has the average jumbo rate in Massachusetts at 6.1%. That's "soaring"? That is actually really low if you look at a graph of historical rates in the US. Bankrate dot com has the average jumbo rate in Massachusetts at 6.1%. That’s “soaring”? That is actually really low if you look at a graph of historical rates in the US.

]]>