What's a Fixed Jumbo Mortgage?
Nearly every home buyer in this country utilizes a mortgage to purchase a home. In general, a mortgage falls into two broad classes called”adapting” and”non-conforming,” or jumbo, mortgages. Jumbo mortgages are non-conforming since they transcend established lending limits. Two government-sponsored businesses, Fannie Mae and Freddie Mac, decide those limits. These companies purchase most mortgages from …