Facebook 15 Year Jumbo Mortgage

15 Year Jumbo

Advantages:

  • Cut mortgage length in half
  • Save significant amount of money in interest payments.

Best Choice If:

  • You want to own your home more quickly
  • You want to retire debt free
  • You want a low interest rate

Disadvantages:

  • Your monthly payment will be significantly higher than with a 30-year mortgage.
  • Cash-out refinances limited to 80% LTV.
  • Escrow required.