When you take out a jumbo mortgage, you can get as much as 85 percent financing of the value of your home and with no mortgage insurance if you are refinancing or making a purchase. If, on the other hand, you are taking a cash-out refinance, you can get as much as 80 percent of the value of your home. For more on jumbo mortgages, visit www.coconutcreekfinance.com.
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