Under contract on a house and shopping lenders around. Purchase price is $1.237M and we are doing 20% down. One lender is suggesting doing a conventional for $766,550 at 6.625% supplemented by a subordinate of remaining about at 7.5% Any advice on this vs a single jumbo?
Read more at https://www.reddit.com/r/RealEstate/comments/1djtzge/conventional_subordinate_or_jumbo/?utm_source=ifttt
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