The Prosperity Podcast 5 Things You Need To Know About Jumbo Loans - Episode 133
Should you get a conventional mortgage or a jumbo loan? In this episode Kim Butler and no B.S. money guy Todd Strobel sit down and talk about the advantages of a 30 year mortgage and see numerically what makes sense in the long run.
Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
Show Notes:
00:00 Intro
00:51 What Are Jumbo Loans & Are They Actually Bad?
01:15 What Do You Need to Know About Jumbo Loans?
04:11 Is It Worth it to Pay the PMI or Should You Put 20% Down?
07:07 Jumbo Rate vs. Conventional Rate Mortgage
12:45 Proving Numerically that a 30 Year Mortgage is More Efficient
13:41 Should You Work Toward Refinancing?
15:36 Should You Keep Your Equity in Your House?
18:18 Outro