What kind of 5/1 rates are available? I have a loan at 450K.
Since the loan amount is over 417k, this will be considered as an Conventional High Balance. The 5/1 ARM rate on high balance is at 2.875%; however, you will need to have a 740+ middle score, and 75% or less loan to value. If your property is a Condo, a property type adjustment will apply to it. Allen Wang;...