A Fixed rate loan is one possibility when choosing a jumbo loan.  Don’t let that scare you though since there are benefits from taking out a 30 year fixed rate loan. A 30 year fixed rate allows you to pay the same amount from the first payment to the second payment. So you don’t have to worry if your payments will go

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A super jumbo loan is any loan that allows one to borrow more than an amount set by the Federal National Mortgage Association. A Jumbo loan is a type of loan that exceeds the maximum loan amount. Jumbo loans also go by Jumbo mortgages. The maximum loan amount is set by the two largest market lenders, Fannie Mae and Freddie Mac.  Jumbo

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