Many people are under the impression that there are no good deals on Jumbo loans! This was true to a certain extent 6 months ago, but today we have 30 year fixed rates under 6% and 5/1 ARMs well under 5%. Both require the borrower to document their income and have a good equity position in the property, but given those two things, it is a GREAT time to refinance.
Even if you are looking to pull some money out to pay off other debt, or buy a vacation property while the getting is good, we may not see a better time to take advantage of the market in our life times.
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