Oct 31| | 4 minutes
What Are Jumbo, Piggyback, and Bridge Loans?
When it comes to financing your home, you have many options. Having said that, obtaining the correct form of loan for your specific scenario might be difficult. We've got you covered if your scenario necessitates something other than traditional lending offerings. Jumbo, piggyback, and bridge loans are all employed for different purposes. We spoke with local lenders to determine which loans are most suited to specific situations. What exactly is a jumbo mortgage? When you require a higher mortgage, consider a jumbo loan. A jumbo mortgage (or jumbo loan) is a non-conforming loan, which means it does not meet the requirements of Fannie Mae or Freddie Mac. Most locations of