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Posted in: Jumbo Loans
By Taylor Mortgage Group

A Jumbo Mortgage is a mortgage with a loan amount above conventional loan limits determined by local counties.   Jumbo Mortgages are determined by local county limits. 

"Pro and Con" of a Jumbo MortgagePro:  Allows you to purchase property above conventional loan limits.  Con:   Payment of slightly higher interest rates will apply. Dollar amounts that define a Jumbo Mortgage are redetermined annually by the local counties.  A Jumbo mortgage is considered a non-conforming loan  because it exceeds the loan limits set by Fannie Mae and Freddie Mac. Single-family limit benchmarks change annually. If your borrowing needs exceed the Fannie Mae or Freddie Mac limit amount, you will need a Jumbo mortgage.

For more information about Jumbo mortgages or any other financing questions you may have, please contact the Taylor Mortgage Group today at 303-339-5950 or Janie Taylor directly at 303-884-9393!

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Taylor Mortgage Group, LLC


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CO  License:  100013875
NMLS: 385946
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