Just as the name implies, a jumbo mortgage is a massive loan, above the conforming loan limit of $453,100 in most parts of the U.S. Even small decreases in jumbo mortgage rates can translate into nice savings for borrowers. Basic requirements for these loans typically are tougher than for conforming mortgages, which are backed by the... Marilyn Lewis is a writer at NerdWallet.
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Marilyn Lewis, NerdWallet.com
Tue, 05/22/2018 - 1:05pm
Topics: personal finance
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