*Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.
Clients, property owners in San Francisco, have a single family house where its value has increased to $1,500,000. They wanted to refinance their jumbo loan of $850,000. Their children will graduate and go out to college in about eight years. Instead of refinancing into a 30 year fixed rate, our tailored solution was to choose a mortgage with a fixed rate for 10 years. Why? This will give them $305 in monthly savings.
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