Hope this helps. Give me a call if you want a real rate quote not these internet "quotes" that you probably have seen,
1st Mariner Mortgage
An internet quote to me is the general one size fits all quote you see all too often. I asked the client to contact me to get his credit score, type of home, location and timeframe for settlement. All items needed to give an honest, fair rate quote that can actually be delivered. No promises of a 15 day close or massive point buydown as you see online many times.
That's the difference. I don't throw rates out online as they change everyday and are different for everyone.
That to me is the differerence between what I am willing to provide and an "internet quote."
Thanks for the question.
Senior Loan Officer
1ST Mariner Mortgage
Lending in all 50 states
Many banks offer true jumbo products, terms and qualification is specific to each bank with different requirements. With 20% down you should have the best of both options. Our bank has a very good in-house second mortgage product, I'm happy to run numbers for you on the first and second split mortgage option.