home loans

[sok]

hey anyone know what a 30 fix jumbo home loan is?

[Corth]

For a single family home, its a loan in excess of $417,000 that you repay over 30 years at a fixed (not variable) rate of interest.

You are in california right? If so, my advice generally is to avoid real estate there like the plague.

[sok]

thanks. helped a ton.

already bought, so just weathering the storm.

i was a little worry, with all the sub-prime companies going under.

[rylan]

Won't matter if the bank that holds your loan goes bankrupt... somebody else will just buy the leftover loans and you'd continue to make payments normally.

[Corth]

good luck...