Profile picture for Kyle  McCormick

Kyle McCormick

Lender

Mortgage Expert, Regulated by the Division of Real Estate (15 years experience)

Specialties:
Purchase Loan,
Refinancing,
Home Equity,
Mortgage Planning

Advice

  • (24 Contributions,
  • 1 Best Answers,
  • 2 Helpful)

Contributions are sorted newest to oldest.

Correct answer or ?

Answer

Jumbo loans can have higher rates. Sounds like you have a few items that may require more investigation to find the ideal situation.

  (0)
20 or 30 year fixed?

Response

Sounds like a 30 year would be the best option. I would recomend getting an amortization schedule showing how extra payments can decrease our principle balance. Let me know if you would like me to provide one for you.

  (0)