Comments on: What is the best mortgage thing 30 years fixed or 30 years jumbo? http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/ Tue, 05 Apr 2011 20:33:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: HelpMyCashGrow.com http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/comment-page-1/#comment-2868 HelpMyCashGrow.com Tue, 27 Apr 2010 23:46:10 +0000 http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/#comment-2868 I'm voting for fixed. I’m voting for fixed.

]]> By: enoriverbend http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/comment-page-1/#comment-2867 enoriverbend Tue, 27 Apr 2010 23:27:20 +0000 http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/#comment-2867 The difference between the regular fixed and a jumbo is just the amount of the mortgage -- beyond a certain financed amount, there are special rules and the mortgage will be a jumbo. (There are fixed and variable jumbos.) Jumbo limits are set by Fannie Mae (OK, technically set by the Office of Federal Housing Enterprise Oversight office) and are currently $417000 for the US lower 48 states, so if you are borrowing more than that on a mortgage you will probably end up with a jumbo. Jumbos have different interest rates as well, but they change daily so I won't try to quote them to you... https://www.efanniemae.com/sf/refmaterials/loanlimits/jumboconf/xls/loanlimref.xls The difference between the regular fixed and a jumbo is just the amount of the finance — beyond a certain financed amount, there are special rules and the finance will be a jumbo. (There are fixed and variable jumbos.)

Jumbo limits are set by Fannie Mae (OK, technically set by the Office of Centralized Housing Enterprise Oversight office) and are currently $417000 for the US lower 48 states, so if you are borrowing more than that on a finance you will probably end up with a jumbo.

Jumbos have different interest rates as well, but they exchange daily so I won’t try to quote them to you…

https://www.efanniemae.com/sf/refmaterials/loanlimits/jumboconf/xls/loanlimref.xls

]]> By: John T http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/comment-page-1/#comment-2866 John T Tue, 27 Apr 2010 23:05:31 +0000 http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/#comment-2866 fixed. definately. of course the more years you go, the more interest you pay in the long run but yeah i have a 30year fixed on my home, and everything is reliable and steady. dont do jumbo.. cause they can surprise you and increase it some months n it gets all confusing.. go now though! interest rates are decent fixed. definately.
of course the more years you go, the more interest you pay in the long run

but yeah i have a 30year fixed on my home, and everything is dependable and steady.

dont do jumbo.. cause they can surprise you and increase it some months n it gets all confusing..

go now though! interest rates are decent

]]> By: venistudio http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/comment-page-1/#comment-2865 venistudio Tue, 27 Apr 2010 22:58:20 +0000 http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/#comment-2865 The best is a 20 year fixed if you can handle the payments. The 30 year fixed is also good. There has been a lot of news lately about mortgage crisis in America and house prices have depreciated. Adjustable rate mortgages have been very bad for a lot of people. You really have to understand what you are signing. Adjustables are good if you are really really sure the prices are going to increase. So you would be better with a 30 year fixed. You have a tax advantage at the end of the year with purchasing a home. You can write off the interest you paid from Jan thru Dec. The best is a 20 year fixed if you can handle the payments. The 30 year fixed is also excellent. There has been a lot of news lately about finance crisis in America and house prices have depreciated. Adjustable rate mortgages have been very terrible for a lot of people. You really have to know what you are signing. Adjustables are excellent if you are really really sure the prices are going to increase. So you would be better with a 30 year fixed. You have a tax advantage at the end of the year with purchasing a home. You can write off the interest you paid from Jan thru Dec.

]]> By: Bettee62 http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/comment-page-1/#comment-2864 Bettee62 Tue, 27 Apr 2010 22:46:21 +0000 http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/#comment-2864 FIXED. THE INTEREST RATES ARE GREAT NOW. FIXED. THE INTEREST RATES ARE GREAT NOW.

]]> By: tkahrs12122 http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/comment-page-1/#comment-2863 tkahrs12122 Tue, 27 Apr 2010 21:58:17 +0000 http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/#comment-2863 30 year fixed. You know the monthly payment will not change for the next 30 years. You can always add extra any month to go toward the principle and pay the mortgage sooner. 30 year fixed. You know the monthly payment will not exchange for the next 30 years. You can always add extra any month to go toward the principle and pay the finance sooner.

]]> By: jjlang25 http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/comment-page-1/#comment-2862 jjlang25 Tue, 27 Apr 2010 21:53:28 +0000 http://www.reddeerrealestatelink.com/what-is-the-best-mortgage-thing-30-years-fixed-or-30-years-jumbo/#comment-2862 I vote for fixed...no surprises with a fixed rate! I vote for fixed…no surprises with a fixed rate!

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