Asked by Finance Novice, Lafayette, CO • Sun Jan 26, 2014
Hi - Are there any great lenders out there who do Jumbo Mortgages with 5%-10% down? The home I'm looking at is 625k but I'd like to negotiate it down to $585k and put down 10% max. I have credit score of 715 and HHI 185k per year. Is it possible to do a 5/5 arm (to get the lower rate) and still avoid PMI?
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