Topic: Define Jumbo Mortgage
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What is a Jumbo Mortgage?
When the loan amount of a mortgage exceeds the mortgage loan standard set by Fannie Mae and Freddie Mac it is called a jumbo mortgage and is often used to by highly priced real estate. Look here for more information: http://www.mortgageloan... Read More »
Source: http://answers.ask.com/Business/Real_Estate/what_is_a_jumbo_mortg...
What is a Jumbo Mortgage Loan?
A jumbo mortgage loan is generally one which is over the threshold of three hundred thousand dollars. It is known as a jumbo loan because it is for so much money. Read More »
Source: http://answers.ask.com/Business/Other/what_is_a_jumbo_mortgage_lo...
What Is a Jumbo ARM Mortgage?
A Jumbo loan and an ARM loan are two different types of mortgage products. In the mortgage industry, several types of mortgages exist and these can be combined or separate. In this case, when you combine two mortgage products, you have the ... Read More »
Source: http://www.ehow.com/about_5078901_jumbo-arm-mortgage.html
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Define Jumbo Mortgage
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Home buyers who are trying to buy an expensive home may need to apply for a jumbo mortgage. Jumbo mortgages are subject to different interest rates and conditions than other mortgages. The loan amount that determines whether a mortgage is j...
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Source: http://www.ehow.com/about_6716031_considered-jumbo-mortgage_.html...
Jumbo mortgages are those that do not meet the conforming loan limits set by the Federal Housing Finance Agency for Fannie Mae and Freddie Mac. To get a jumbo mortgage, you will have to meet more stringent guidelines and pay a higher intere...
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Source: http://www.ehow.com/facts_5729687_jumbo-mortgage-rates_.html
A jumbo mortgage is a mortgage loan that exceeds the level of principal eligible for purchase by the housing finance companies Fannie Mae and Freddie Mac.
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Source: http://www.ehow.com/facts_6740993_jumbo-mortgage-california_.html...
Mortgages are loans secured by your home. Most mortgages fall under the conforming loan limit, which means that Fannie Mae can buy or guarantee the mortgages. However, when the amount you borrow exceeds these limits, you must take out a jum...
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Source: http://www.ehow.com/about_6609466_constitutes-jumbo-mortgage_.htm...
A conforming (regular) mortgage has a limit of $417,000. For most lenders, a jumbo mortgage is any mortgage over $417,000. A super jumbo mortgage is less clearly defined. Depending on the lender and the part of the country, the smallest mor...
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Source: http://www.ehow.com/facts_6012852_super-jumbo-mortgage_.html
The term jumbo mortgage loan refers to loans that are not eligible for purchase by Fannie Mae or Freddie Mac. These giant mortgage finance companies purchase mortgage loans that fall below a monetary limit set by Congress and reviewed annua...
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Source: http://www.ehow.com/about_6725888_considered-jumbo-mortgage-loan_...
