Thirty-year jumbos a tougher sell?

  • By Business Observer Staff
  • | 1:18 p.m. June 20, 2011
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If you're a business owner looking for a 30-year home mortgage loan of more than $417,000 — a “jumbo” — be prepared to have your documentation ready. Otherwise, a jumbo with a three- or five-year adjustable rate might be the better option.

 

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