October’s issue of Money Magazine had an article “5 Things to Know About Jumbo Loans” that included contributions from Mike. You can view the article here.
Jumbo loans are mortgages for more than $417,000 and are most common in areas with high real estate values. The decision about how much to borrow for a home is personal and people will often have strong feelings about what is appropriate. While personal feelings about debt may differ, we believe everyone making large financial decisions, especially jumbo loans, should do so with a financial planner. Debt management is a key factor in your plan and will affect your monthly cash flow and therefore the amount you have available to save for retirement, education, charitable giving and other goals. We always encourage our clients to call or email us with any decision regarding their finances so that we can help them see how their choices today will change their long-term situation – allowing them to be fully informed and more confident in the choices they make.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.