Refinancing a Jumbo Mortgage in 2022
September 2022
Ken Friend (NMLS 220638) is a jumbo mortgage specialist, and has been saving his Chicagoland clients hundreds of thousands of dollars over the past 20+ years with his jumbo refinancing practice.
In 2022, the average jumbo mortgage in the Chicagoland area was ~$1.3 million with an average interest rate of ~5.5%.
This video illustrates how Ken might help someone in a similar mortgage:
save over $500 per month
receive a $5,000 credit to cover closing costs, and apply towards other expenses like escrow set-up, pre-paid interest, and principal reduction
eliminate concerns about timing a refinance
How does he continue to benefit his jumbo clients in volatile markets?
Rigorous market analysis
Decades of experience handling jumbo mortgages
Earned credibility with jumbo lenders to secure competitive rates
Extremely low overhead as an independent broker
Interested parties should call to set up a free consultation: 847-634-2252.
Or join The Watchlist: www.longgrovemortgage.com/watchlist
Long Grove Mortgage
kenfriend@longgrovemortgage.com
Illinois MB.0006085 • NMLS 210846
instagram.com/longgrovemortgage
The scenario represented in this video is for illustrative purposes only. Rates subject to change without notice. All applicants are subject to credit approval. Properties are subject to acceptable appraisal.
The 4.875% interest rate cited in the video as a rate available to qualified borrowers in August of 2022 was for a 5 year SOFR ARM*, and carried an APR** of 5.198%
*SOFR ARM: Secured Overnight Financing Rate Adjustable Rate Mortgage
**APR: Annual Percentage Rate
