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Real Estate Glossary

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J

Jumbo Loan
A loan which is larger than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.

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Douglas Richard Gordon
Licensed Real Estate Salesperson State of Louisiana
RE/MAX Real Estate Partners, Inc.
Metairie, LA 70002 USA
Direct Line 504-236-6918
Office 504-888-9900

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