Understanding Jumbo Mortgages
February 1, 2010 by Editor
Filed under About Mortgages
A jumbo mortgages is a home loan that exceeds the limits set by Fannie Mae and Freddie Mac. How are jumbo loans different? What differentiates jumbo mortgage loans is the loan amount. At present, loan amounts that are higher than $417,000 are usually deemed jumbo mortgages. This determination is made by comparing industry standards for […]