Jumbo ARM loans (ARMs) are rising in popularity.
Based on low initial rates, there is a growing interest in Jumbo ARM loans among borrowers with strong credit, who are using the loans to buy larger homes or to refinance out of high fixed rate payments.
For many years lenders have tightened their lending guidelines and only focused on low-risk borrowers for Jumbo ARM loans. Now more small lenders and some credit unions are starting to offer low rate Jumbo ARM loans to more borrowers.
It’s part of a normal lending cycle that conservative banks go through. Banks must become more aggressive to generate higher revenues and more growth.
Click Here for information on Jumbo ARM Loans or call 800-818-2946.
