Vibrant Living – January 2025

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

A jumbo loan is a mortgage that exceeds the conforming loan limit. The new conforming loan limit for 2025 is $XXX,XXX in most parts of the U.S.,* and that’s good news for homebuyers, because conforming loans generally offer better terms than jumbos.

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*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.

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