What is a 30-year conventional jumbo ARM?

Answer A 30-year conventional jumbo ARM is a type of mortgage loan. Used for purchasing real estate, it is a loan in which the lender holds a lien on the property until the terms of the loan are completel... Read More »

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30 Year Conventional Mortgage Information?

A 30-year conventional mortgage is a type of loan used to purchase or refinance a property. It is underwritten by Fannie Mae or Freddie Mac, and each has its own guidelines and rules.

How many points are on a 30-year conventional loan?

The number of points on a 30-year conventional loan can vary from loan to loan. According to Bank Rate, most lenders offer between 0 and 4 points. The more points you pay, the lower your interest r... Read More »

What is a 30-year jumbo mortgage?

A 30 year jumbo mortgage is a large debt on a residence. In most areas of the United States, a jumbo mortgage is above $417,000. However, in high cost areas of the United States, the can be as high... Read More »

What is a 30-year fixed jumbo loan?

A 30-year fixed jumbo loan is a mortgage taken out for a period of 30 years with a fixed rate. The term "jumbo" is representative of the high interest rates charged since these loans are taken out... Read More »