Originally posted by IlliniGopher
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Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087
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just an update here because this moved faster than I expected. First, I learned today the balance for a loan to be considered a jumbo really jumped this year, from $510k up to $548k. Kind of moot because for some reason the quotes I was given today gave me a better rate than if the loan wasn't a jumbo loan. I also got a better rate on a 30-year fixed compared to a 15 or 20-year loan. Strange indeed. Anyway, I secured a loan that will not punish us if we pay it off early, and it's a new 30-year fixed and the rate is 2.5%. Monthly payments will decrease by nearly $1000 per month so I'm happy, as long as we don't actually take 30 years from now to pay it off
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