seeking advice on securing jumbo financing

Categories: Mortgage

We are about to enter into contract on a brownstone in BK and will need to secure financing. The purchase price is ~$1M and we will be putting 20% down. So we are left with a few options to get to either a 30 year fixed or a 7/1 ARM – either one shot jumbo with very high rates, or splitting it into two pieces. Does anyone have any suggestions on creative ways to get our all-in APR down, or on Jumbo lenders that do not securitize and thus have lower rates than the big lenders are offering right now?

By firsttimebrownstoner | 02/21/2008 1:13 AM