Question

 What is a 30-year jumbo mortgage?

Answer 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 »
http://www.answerbag.com/q_view/1967404

Top Q&A For: What is a 30-year jumbo mortgage

What constitutes a jumbo mortgage?

A mortgage is a loan used to purchase or construct your home. A jumbo mortgage is a home loan that exceeds the conforming loan limits set by Fannie Mae.Conforming Loan LimitsThe conforming loan lim... Read More »
http://www.answerbag.com/q_view/1951213

What is a jumbo mortgage loan?

A jumbo mortgage loan is a mortgage that exceeds the limit set by Fannie Mae. Fannie Mae is a government organization that guarantees mortgages.SizeThe conforming loan limit is adjusted each year b... Read More »
http://www.answerbag.com/q_view/1959929

What is a jumbo mortgage in New Jersey?

Borrowers looking for home financing amounts that fall outside of traditional guidelines often find themselves shopping for a jumbo loan. Jumbo loans were designed to help borrowers afford luxury h... Read More »
http://www.answerbag.com/q_view/2035559

What is a jumbo mortgage rate?

A jumbo rate is charged to a borrower whose mortgage balance is above the conventional mortgage limit. The conventional mortgage limit is $417,000 for most of the United States.SignificanceA jumbo ... Read More »
http://www.answerbag.com/q_view/1982403


feedback
loading