07-27-2016, 03:14 PM
WRXtranceformed Wrote:Nice! Well played, that is indeed a nice move over to fixed in jumbo territory. I think jumbo rates are generally higher than non jumbo? I can't remember what the LO said.
We were fortunate because real estate and taxes are relatively cheap in SC. Our new home is 3200 finished sq. ft., 5 bedrooms, 2 car garage, 10' ceilings, custom trim, gourmet kitchen, Energy Star certified, etc. etc. on a desirable lot and we didn't even come close to hitting jumbo territory (offer was < $300k)
JUMBO is higher, which is part of the reason we did two mortgages originally - one at the $417k JUMBO limit and a home equity for the small remainder.
We were lucky enough to be able to put 20% down, so our payment isn't that much more than it was for our house back in NoVA. Our house definitely wasn't <$300k though. 8)
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth