Jumbo loan

It is a nonconforming mortgage loan that exceeds Fannie Mae’s and Freddie Mac’s loan limits. Freddie Mac and Fannie Mae loans are referred to as conforming loans.

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Are Mortgage Points Worth It?

June 11, 2020 Jason Lee

Paying points to get a lower interest rate is almost always a losing proposition because most homeowners don’t keep their loans long enough to recoup the up-front costs. Are you an exception to the rule?

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Credit report, Discount points, Jumbo loan