JumboMortgages4u.com - Fixed Jumbo Mortgages to $2,000,000, Jumbo Mortgage, Interest-Only Jumbo Mortgages, Super Jumbo Mortgage, New York, New Jersey, Florida, Connecticut

Great Mortgages and Personal Service

Our philosophy and approach is simple and direct:

We Work for You

Low rates and fees through knowledge and technology

Aggressive Pricing

Rather than utilize a single lending source, we deal with a multitude of mortgage wholesale banks. This allows us to offer the most competitive rates and programs to all borrowers regardless of their financial needs.

Critical Expertise

As specialists in the Mortgage market, our Mortgage Professionals have experience in large purchase transactions, rate and term refinances, cash out, and less than perfect credit.

There are 100's of loan programs today, and we find the best match for your needs.

Unequaled Service

Two River Mortgage provides personal service to each and every client throughout the loan process. We assist you to structure the best program for your individual needs.

This is why Two River Mortgage's core business is generated by personal referrals and repeat business.

Your representative is an experienced Mortgage Professional. We do not have order takers or telemarketers.

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To answer all your questions!

Conventional or Conforming loans are called this because the loan amount 'conform' to the maximum loan amounts which may be purchased in the secondary market. The buyer of these loans is the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corp. (FHLMC, or Freddie Mac).

The old rule of thumb that you need to lower your Interest Rate by 2%, is more or less obsolete. For some people as little as a 1/2% drop in thier loan rate would be sufficient. This is a question with no definative answer. It is all relative. Foer some individuals a month savings of $100 is significant others need the savings to be higher. You must ask yourself if the monthly savings is significant to you.

Why should you consider an Interest Only Mortgage Loan? The short answer is the amount of money it will lower your monthly payment. Basically, it is intended to increase your monthly cash flow. Typically, an Interest Only Loan will have a payment about 26.5% less than a fully amortizing mortgage of the same interest rate. Since most Interest Only loans are based upon A.R.M.'s the rates are usually well below a comparable 30 Year Fixed Mortgages further reducing the monthly payment. Some Interest Only mortgages recalculate you monthly payment based upon your outstanding balance. This allows you to have additional principal payments effect your monthly payment immediately. Ask yourself, if only the interest portion of a mortgage payment (principal and interest) is tax deductible why do I want to pay down the principle portion of my mortgage? Amortizing a mortgage will gradually diminish my tax deduction. Could I better invest the principle portion of my mortgage payment? At what rate is my property appreciating? How long will I really live in this home?