Sentences with phrase «decreased loan sizes»
Not exact matches
On the other hand, if you've just purchased a home with your spouse, you might consider a decreasing term policy (since your mortgage balance decreases over time as you pay it off) with a death benefit equal to the size of your outstanding loan.
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Jumbo mortgage rates are higher, so if you can decrease your mortgage loan size to qualify for a conforming loan, you should consider doing that.
On the other hand, if you've just purchased a home with your spouse, you might consider a decreasing term policy (since your mortgage balance decreases over time as you pay it off) with a death benefit equal to the size of your outstanding loan.