Jul
05
2009
What to Expect From a Jumbo Mortgage Loan
Posted by admin in mortgage, tags: broken, countrywide, evicted, foreclosure, HOPE, hurricane, katrina, meltdown, modificatio, mortgage, promise, rework, rita, victims
Jumbo mortgages are not so different from standard mortgages but there are a few key things that are worth looking in to.
Jumbo Mortgage Loans
A jumbo mortgage loan is a loan taken for property that is high-priced.. In Colorado, as in most of the U.S., a jumbo mortgage loan is any mortgage that exceeds $417,000 – the limit set by Fannie Mae and Freddie Mac for conforming loans.
Fannie Mae and Read the rest of this entry »
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