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One option is to split the difference. Get a smaller mortgage, maybe 20%-50% loan-to-value. This hedges your risk but also reduces your potential gains.

I haven't checked NJ rates - nor checked in the past few months.
But I know in my area in CA (which also has the higher "conforming" limit) there was a interest rate / cost-of-loan difference between below $417500 and above. (I think they called it "conforming" below $417.5k and "conforming jumbo" for the $417500-$6xx000 range)

So I'd check options for under/over that ~$417K amount

And that'd also put you around 50% LTV

Good luck
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