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Jumbo Loan Basics

The majority of homes around the country are purchased with the aid of traditional, conforming mortgage loans. Yet when home prices rise quickly, many markets have price tags that are too high for these standard loans. Enter the jumbo loan. What is a Jumbo Loan? Jumbo mortgage loans are those that have a higher dollar amount than the limits set by Fannie Mae and Freddie Mac, the government-sponsored enterprises that buy up home loans and sell them on the secondary market. Since Fannie and Freddie are backed by the federal government, they create loan limits to minimize the risk of loss t...

November 14th, 2018 | Jumbo Loans, Adjustable Rate Mortgages, Fixed Rate Mortgages, Purchasing a Home, Jumbo Loan Basics

New York Mortgage Exchange

369 Avenue X
Brooklyn, New York 11223
Phone: 718-339-3600
Fax: 718-339-3655
Email: info@nyme.com
NMLS: 93848

Licensing

New York Mortgage Exchange (NMLS# 93848) located at 369 Avenue X, Brooklyn, New York 11223 is a Registered Mortgage Broker - NYS Department of Financial Services License A000701. Licensed Mortgage Broker NJ Dept of Banking & Insurance # 303170.

All loans are arranged thru third party providers.