April 10th, 2012 10:38 AM by Eric Fang
I started working on a refinance of 780k(Jumbo)loan. And the borrower's credit score is 779.I can get them better rates if we can get 780.
So I worked with the borrowers and the credit bureauand finally got them re-scored 10 points higherand the borrower get 0.125% rate better.
And yes,this little effort can save the borrower more than $50 per month.
And Jumbo programs have better rates for 5/1 ARM. 7/1 ARM& 10/1 ARM. Please let me know if you interested.