Terms Beginning With 'j'

Jumbo Loan

  • January 15, 2020
  • Team Kalkine

Often referred to as a jumbo mortgage, a jumbo loan is a financing prerequisite that is beyond the limits set by the regulatory authority. The value of a jumbo loan varies from country to country. The one applying for it needs to have rigorous credit requirements unlike conventional loan. Even the credit risk for the lender is more in this case as there is more money involved.

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