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Jumbo

Posted in: Jumbo Loans
By Taylor Mortgage Group

"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.
 
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.

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

Phone
303-884-9393
Fax
 
720-306-3813

Click Here to Email Us


CO  License:  100013875
NMLS: 385946
Regulated by the Colorado Dept. of Regulatory Agency



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