Friday 19 October 2012
How to Score the Best Jumbo Loan Rates
Jumbo loans are mortgages that amount to more than the conventional conforming loan limits that have been established by Fannie Mae and Freddie Mac. They allow people to receive more than the maximum $417,000 in loan, which they may pay out in 30 to 50 years. As is obvious, they pose greater risks to lenders.
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