You, too, could own a McMansion thanks to low jumbo rates

You, too, could own a McMansion thanks to low jumbo rates

What is stopping you?
Maybe you, too, can afford a Southern California McMansion. How about paying just interest, not principal, at a rock bottom 1.875% mortgage rate for the first three years?
For a $1.5 million loan on a $2 million home, your house payment is locked down at $2,344. Assuming monthly property taxes of $2,083 (1.25% annual property tax rate) and $250 for monthly homeowners’…

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