A fixed rate jumbo mortgage loan is a mortgage loan that does not go with the current market rates. The interest rate that was givin with the mortgage loan is the interest rate that stays throughout the life of the loan. A loan that follows the current market would be an ARM. The fixed rate jumbo mortgage loan also is a non-conforming loan, this means that the mortgage loan is above the standard $322,700 of most conforming mortgage loans. Contact your jumbo mortgage professionals at West Virginia - Mortgage.com and 800-251-6140.

ADJUSTABLE RATE JUMBO MORTGAGES

An adjustable rate jumbo mortgage loan is a mortgage loan that fluctuates with the current market rates based on the agreed terms. The interest rate that was givin during closing is subject to increases usually in year increments. Most clients that understand the benefits of utilizing an adjustable rate jumbo mortgage use this program with the intention of refinancing their jumbo ARM loan at the end of the initial term. Contact your jumbo mortgage professionals at West Virginia - Mortgage.com at 800-251-6140 for more information on jumbo loans.