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A Jumbo Loan is a mortgage for higher priced homes above the conforming loan limit. Each year Fannie Mae and Freddie Mac set a new baseline conforming loan limit. In 2020 the conforming loan limit is $510,400 and up to 1.5 times in high-priced real estate markets such as NYC.
Learn why jumbo loans may be the best home loan option in higher-priced real estate markets. When you start exploring types of home mortgage loans, you’ll probably hear the term “jumbo loan”. If you do, … Read more
The Best Types Of Home Mortgage Loan Choosing a home mortgage can be hard simply because there’s so many options. To help make the process easier we listed the seven most common types of home … Read more