Jul
09
2009
Understanding Jumbo Mortgages
Posted by admin in mortgage, tags: Alt-A, banks, crisis, foreclose, home, housing, indymac, prices, Subprime
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 fo Read the rest of this entry »
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