Jumbo Mortgages: Exactly What Are They and Would They Cost More?
Jumbo Mortgages: Exactly What Are They and Would They Cost More? Let’s start with a straightforward classification. A “jumbo loan” is any single loan amount over the conforming loan limit (set by the Federal Housing Finance Agency). This restriction, which can change annually, is now $548,250 for a one-unit house for the contiguous usa. Therefore …
Jumbo Mortgages: Exactly What Are They and Would They Cost More? Read More »