Nashville Real Estate Blog - Blog Archive: May, 2018

information relating to real estate in Nashville Tennessee

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May 2018

Found 1 blog entry for May 2018.

What Is a Jumbo Loan? An FAQFor home buyers seeking a luxury home, jumbo mortgages are the easiest way to borrow a lot of money for a property. Jumbo loans create greater risk for the lender. Because of this additional risk, qualifying for a jumbo loan can be more of a challenge. Knowing what a jumbo mortgage is, what it takes to qualify for a jumbo mortgage and what kind of risk is involved can help the home buyer decide if a jumbo mortgage is right for them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is a Jumbo Loan?

A jumbo mortgage is a mortgage that is higher than the conforming loan limit of $417,000. Jumbo loans are usually used to acquire luxury properties.

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