Mortgages….?
mortgages
what’s the differences between a 30 Year Mortgage, and a 30 Year Jumbo Mortage?
Which one you think is better?
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It’s not a “which is better” question. The difference is the amount. Anything over $417,000.00 is considered a Jumbo mortgage. Thats the only difference., so if you need more than 417k you have to get a jumbo- they are harder to get now & rates are higher & you need clean credit/income etc.
Good luck!
jumbo mortgages typically are defined by the amount borrowed. in most areas this is > $417k. the interest rates are also generally higher for these jumbo loans as well