Tag: Jumbo Loan

Posted on 03/14/2021
Common Loan Terms of the Jumbo Mortgage
Photo by Peggy und Marco Lachmann-Anke via Pixabay A jumbo mortgage refers to a high-priced loan, usually meant for a luxury property. And while this loan may have once been reserved for the millionaire investors of the world, it may not be as exclusive as you think. If you're interested in what it takes to apply, it helps...
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Posted on 07/26/2020
When You Need a Jumbo Loan
Photo by Bruce Clark from Pexels The Federal Housing Finance Agency (FHFA) limits how much you can borrow to buy a house. If you want to take out a mortgage that is above the limits, you have to apply for a jumbo mortgage. As of mid-2019, the limits were increased to $484,350 for most of the country. Some...
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