If you're in the market for a high-end home, you may need to consider a jumbo mortgage to finance your purchase. Jumbo mortgages are home loans that exceed the conforming loan limits set by Fannie Mae and Freddie Mac, which are the two government-sponsored entities that purchase and guarantee most mortgages in the United States.
In this article, we'll explore what jumbo mortgages are, how they work, and the potential benefits and drawbacks of this type of loan.
What is a Jumbo Mortgage?
How do Jumbo Mortgages Work?
|Going Big: Navigating the Complexities of Jumbo Mortgages