Illinois Jumbo Mortgage Wisconsin Jumbo Mortgage: Chicago Jumbo, Milwaukee Jumbo, Madison Jumbo
Posted by Dennis Hardy on May 14, 2008
Illinois jumbo mortgage loans and Wisconsin jumbo loans are loans above the maximum loan amount established by the programs offered by the government-chartered corporations Fannie Mae and Freddie Mac. The average interest rates on jumbo mortgages are typically greater than is normal for conforming mortgages, and vary depending on property types and mortgage amount. Jumbo mortgages are [...]Posted in Uncategorized || No Comments »
Illinois Jumbo Loans Wisconsin Jumbo Mortgage Chicago Jumbo Loans
Posted by Dennis Hardy on Apr 18, 2008
Illinois jumbo loans and Wisconsin jumbo mortgage loans, also called non-conforming loans, are mortgages with loan amounts greater than the conforming loan limit. Jumbo loans are often securitized by institutions other than Fannie Mae or Freddie Mac. They traditionally were viewed as having slightly higher risk than the “conforming” loans of up to $417,000 that [...]Posted in Uncategorized || No Comments »