Loan

Loan

Should You Take out a Jumbo Loan?

People who need to borrow money to buy a new home typically take out a conventional mortgage. If you want to purchase an expensive property, a conventional mortgage may not be able to provide the amount of money you need. In that case, you may want to consider a jumbo mortgage. What is a Jumbo Loan?Fannie Mae and Freddie Mac limit the amount that a customer may borrow through a conventional mortgage. A...

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