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August 03, 2006
Mortgage Loans: Jumbo Mortgages
Housing prices across the country have been rising at alarming rates for the past several years. This is great if you already own your home; however, if you are in the market to purchase a home it can be a frustrating problem. The mortgage industry in the United States is regulated by two organizations you've probably heard of: Fannie Mae and Freddie Mac. These organizations set limits for borrowing; if the home you purchase is above this limit you will need to seek what lenders refer to as a "Jumbo Mortgage Loan." Here are the basics you need to know about Jumbo
From Mortgage Loans: Jumbo Mortgages
Posted by Guido at August 3, 2006 04:04 PM
