Phrases with «jumbo mortgage»

A "jumbo mortgage" refers to a large home loan that exceeds the maximum limit set by the government. It is generally used for buying expensive properties, such as luxury homes, where the loan amount is higher than what standard mortgages can cover. Full definition

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Sentences with «jumbo mortgage»

  • In conclusion even though mortgage rates are really low right now jumbo mortgage rates for the above reasons will always be slightly higher to conforming mortgage rates. (flagstonemortgage.com)
  • In addition, to our own funds we have excellent relationships with wealth - management division of major banks, wholesale lenders that specialize in jumbo mortgage products, and local / regional banks. (flagstonemortgage.com)
  • This is one reason why homeowners with jumbo mortgages limit themselves to one million dollars per loan. (themortgagereports.com)
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