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You are here: Mortgage Loan > Georgia mortgage loan > Decatur
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Today's Mortgage Terms starting with J
Jumbo Loan:A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.Junior Mortgage:A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.View all Terms |
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