15 year jumbo interest only

[UCGal]

[quote=waterboy]SDCCU is no longer doing Jumbos. I know a lot of people who were doing the 3/1 & 5/1 40yr with amounts over $1MM. Might have finally figured out they had a lot of risk on their plate.[/quote]
wow – you’re right… only loans up to $417k. (I just went and looked.)

Actually, as a depositor, I’m a bit relieved.

[an]

[quote=UCGal][quote=waterboy]SDCCU is no longer doing Jumbos. I know a lot of people who were doing the 3/1 & 5/1 40yr with amounts over $1MM. Might have finally figured out they had a lot of risk on their plate.[/quote]
wow – you’re right… only loans up to $417k. (I just went and looked.)

Actually, as a depositor, I’m a bit relieved.[/quote]
Not according to their site, http://www.sdccu.com/pages/rates/HomeLoanRates.pdf At the very bottom of the PDF is the rates for loans up to $625k.

[an]

[quote=UCGal][quote=waterboy]SDCCU is no longer doing Jumbos. I know a lot of people who were doing the 3/1 & 5/1 40yr with amounts over $1MM. Might have finally figured out they had a lot of risk on their plate.[/quote]
wow – you’re right… only loans up to $417k. (I just went and looked.)

Actually, as a depositor, I’m a bit relieved.[/quote]
Not according to their site, http://www.sdccu.com/pages/rates/HomeLoanRates.pdf At the very bottom of the PDF is the rates for loans up to $625k.

[an]

[quote=UCGal][quote=waterboy]SDCCU is no longer doing Jumbos. I know a lot of people who were doing the 3/1 & 5/1 40yr with amounts over $1MM. Might have finally figured out they had a lot of risk on their plate.[/quote]
wow – you’re right… only loans up to $417k. (I just went and looked.)

Actually, as a depositor, I’m a bit relieved.[/quote]
Not according to their site, http://www.sdccu.com/pages/rates/HomeLoanRates.pdf At the very bottom of the PDF is the rates for loans up to $625k.

[an]

[quote=UCGal][quote=waterboy]SDCCU is no longer doing Jumbos. I know a lot of people who were doing the 3/1 & 5/1 40yr with amounts over $1MM. Might have finally figured out they had a lot of risk on their plate.[/quote]
wow – you’re right… only loans up to $417k. (I just went and looked.)

Actually, as a depositor, I’m a bit relieved.[/quote]
Not according to their site, http://www.sdccu.com/pages/rates/HomeLoanRates.pdf At the very bottom of the PDF is the rates for loans up to $625k.

[an]

[quote=UCGal][quote=waterboy]SDCCU is no longer doing Jumbos. I know a lot of people who were doing the 3/1 & 5/1 40yr with amounts over $1MM. Might have finally figured out they had a lot of risk on their plate.[/quote]
wow – you’re right… only loans up to $417k. (I just went and looked.)

Actually, as a depositor, I’m a bit relieved.[/quote]
Not according to their site, http://www.sdccu.com/pages/rates/HomeLoanRates.pdf At the very bottom of the PDF is the rates for loans up to $625k.

[patb]

[quote=hammer]That is an unfair comment. Not hyping anything, just real live market info.

I felt the 15 year jumbo IO is an interesting product if one would rather save cash than pay down principle heading into some inflationary cycle in the future. The rate seemed pretty low…just looking for more knowledgeable opinion.[/quote]

It’s a whacky loan. It’s only purpose is to allow people to speculate
on house prices and interest rates. It will explode and kill people
just in a longer period of time then a 5/25.

sorry, F^&k You. we’ve got a tsunamai of 5/25’s going bad, and you
are hyping a 15/15 IO.

[patb]

[quote=hammer]That is an unfair comment. Not hyping anything, just real live market info.

I felt the 15 year jumbo IO is an interesting product if one would rather save cash than pay down principle heading into some inflationary cycle in the future. The rate seemed pretty low…just looking for more knowledgeable opinion.[/quote]

It’s a whacky loan. It’s only purpose is to allow people to speculate
on house prices and interest rates. It will explode and kill people
just in a longer period of time then a 5/25.

sorry, F^&k You. we’ve got a tsunamai of 5/25’s going bad, and you
are hyping a 15/15 IO.

[patb]

[quote=hammer]That is an unfair comment. Not hyping anything, just real live market info.

I felt the 15 year jumbo IO is an interesting product if one would rather save cash than pay down principle heading into some inflationary cycle in the future. The rate seemed pretty low…just looking for more knowledgeable opinion.[/quote]

It’s a whacky loan. It’s only purpose is to allow people to speculate
on house prices and interest rates. It will explode and kill people
just in a longer period of time then a 5/25.

sorry, F^&k You. we’ve got a tsunamai of 5/25’s going bad, and you
are hyping a 15/15 IO.

[patb]

[quote=hammer]That is an unfair comment. Not hyping anything, just real live market info.

I felt the 15 year jumbo IO is an interesting product if one would rather save cash than pay down principle heading into some inflationary cycle in the future. The rate seemed pretty low…just looking for more knowledgeable opinion.[/quote]

It’s a whacky loan. It’s only purpose is to allow people to speculate
on house prices and interest rates. It will explode and kill people
just in a longer period of time then a 5/25.

sorry, F^&k You. we’ve got a tsunamai of 5/25’s going bad, and you
are hyping a 15/15 IO.

[patb]

[quote=hammer]That is an unfair comment. Not hyping anything, just real live market info.

I felt the 15 year jumbo IO is an interesting product if one would rather save cash than pay down principle heading into some inflationary cycle in the future. The rate seemed pretty low…just looking for more knowledgeable opinion.[/quote]

It’s a whacky loan. It’s only purpose is to allow people to speculate
on house prices and interest rates. It will explode and kill people
just in a longer period of time then a 5/25.

sorry, F^&k You. we’ve got a tsunamai of 5/25’s going bad, and you
are hyping a 15/15 IO.

[AK]

I have to agree … If you want to rent a big expensive house long-term but you don’t want the stigma of being a renter … get an I/O jumbo from UBOC.

[AK]

I have to agree … If you want to rent a big expensive house long-term but you don’t want the stigma of being a renter … get an I/O jumbo from UBOC.

[AK]

I have to agree … If you want to rent a big expensive house long-term but you don’t want the stigma of being a renter … get an I/O jumbo from UBOC.

[AK]

I have to agree … If you want to rent a big expensive house long-term but you don’t want the stigma of being a renter … get an I/O jumbo from UBOC.

[Author]

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