top of page

Vibrant Living – January 2025

Are extra mortgage payments a smart money move? Find out, and quiz yourself on mortgage knowledge.


Vibrant Living

FINANCE: Should You Make Extra Mortgage Payments? A look at the pros and cons. Pay less interest and build equity faster? This strategy sounds like a no-brainer, but there are other things to consider before you write that extra check. Click here to read more!
Knowledge Check: What is a jumbo loan? Keep scrolling for the answer.
Recipe: Honey Soy-Glazed Salmon. Tired of turkey? Overstuffed with stuffing? This light but satisfying dish offers a perfect balance of sweet and savory flavors ... and a delicious change from heavy holiday foods. Click here to read more!
Answer: A jumbo loan is a mortgage that exceeds the conforming loan limit. The new conforming loan limit for 2025 is $806,500 in most parts of the U.S. and that's good news for homebuyers, because conforming loans generally offer better terms than jumbos.
 
*Limits are higher in high-cost areas. High-cost areas are those in which 115% of the local median home value exceeds the baseline conforming loan limit.
We are not affiliated with any government agency.
bottom of page