Houston Crosta
👤 SpeakerAppearances Over Time
Podcast Appearances
Just go on an amortization calculator and just do it.
You're renting your house from yourself.
Right.
Jeez.
I need to refi ASAP.
But even if you refi, like it's going to cost you one point.
Right.
And what are you going to save a half a point?
Pretty much 7.5%.
Cause it's not like you get like, let's say the natural mortgage rate is 6.35.
Right.
You can't get that on a jumbo loan.
Not only not to mention, you're definitely not getting on a super jumbo.
And what you're in is super jumbo.
Anything over 1.5, I think in Vegas, or I don't know exactly what the number is today, but it used to be 1.5 was super jumbo.
And then anything over 800 was jumbo.
So there's a point bump in every tier you go up.
So if you're under 800,000, you can get it at the natural interest rate that you see advertised on the market, 6.3.
But if you're over 800 grand...
you're probably 7.25, 7.5.