Quote:
Originally Posted by Steve Carlton
Maybe talk to Craig's broker/Credit Union?
The Super Conforming limit looks to be $567,500 in King County, which base out only about 0.25% higher than Conforming, but the cash out adjustment looks a lot uglier. There's several price adjustments based on LTV and FICO on both loan types. You should compare those to a $417,000 1st & 2nd combo and a new 2nd on top of what you have now.
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I saw that too. Loan to value is the killer. House is worth $750k+. So over $490K (70% LTV) its seems like your rate really takes a hit. Currently looking options for a $417 primary, and a heloc for the rest. Rates are good at the moment (they will stay that way forever, right?
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Thanks for the input guys. I will be sure to share the before and after photos of our kitchen.