As the name implies, it’s a loan for a lot more money. But it has higher requirements, too.

Jumbo mortgages are those with loan sizes above the maximum that is subject to guarantee by Fannie Mae and Freddie Mac.

For much of the U.S., the divide between conforming loans and jumbo mortgages will be $832,750.

A jumbo loan is a large mortgage loan for properties outside the primary real estate market. Read on to learn more.

Refinancing your mortgage can make financial sense for many reasons. You may qualify for better loan terms that can make your monthly mortgage payments more affordable. Or you can shorten your loan ...