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Conforming or non-conforming

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Anonymous
Not applicable
‎08-21-2011 02:46 PM
‎08-21-2011 02:46 PM

Conforming or non-conforming

Hi, mortgage experts here, my mortgage broker told me that there is a threshold of $417K and any higher amount will result in a higher interest rate. My question is: if I need to borrow $437K, will the rate of all $437K or the rate of just the additional $20K be higher?

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BrianB_The_Loan_Professor
Valued Contributor
‎08-21-2011 08:23 PM
‎08-21-2011 08:23 PM

Re: Conforming or non-conforming

It will all be at the higher rate

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Brian B The Loan Professor
Mortgage Banker - offering FHA, VA, USDA , and Conventional mortgages in all 50 states -

If I do not respond to a follow up question please feel free to contact me directly
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