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Jumbo mortgages, or jumbo loans, are those that exceed the dollar amount loan-servicing limits put in place by GSE’s Freddie Mac and Fannie Mae.
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Insight: How to borrow $10 million – Reuters – Due diligence for such transactions can be complex so the loans are large – typically $10-$50 million, Valentin says. He was once involved in a $100 million loan.
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When it comes to extravagant housing, traditional mortgage rules. – "The buyer of the $10-million-plus property comes from everywhere," said. Jumbo loans exceed the mortgage amount that Fannie Mae and.
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