Page 5 - WSAAG081_Jumbo Booklet
P. 5
Up Market
In a rising market, you may decide in consultation with your financial advisor that it’s
a more productive use of your money to tap your jumbo loan when you need to cover
expenses than to sell off well-performing assets — especially if you have a long-term
investment outlook. Consult your financial advisor.
Down Market
If your investments get caught up in a down cycle, consider using funds from your
jumbo loan until the market rebounds. This way, you can keep your portfolio intact
the way you designed it to be. Consult your financial advisor.
Cash Preservation Tool
Preserve more of your cash when buying your next primary residence. Simply add the
jumbo loan to your down payment to complete the purchase, after which you will have
no monthly mortgage payments. You are still responsible for home maintenance, prop-
erty taxes and homeowners insurance.
Tax Reduction Tool
Avoid a potential large capital gains tax that a home sale could trigger. Rather, stay in
place and tap your home equity using the jumbo loan. Your loan proceeds are paid out
tax-free.
