Fairway Asset Corporation - MORTGAGE DICTIONARY

Morgage Dictionary

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There are currently 3 names in this directory beginning with the letter J.
Joint Ownership
In which a home or property is shared equally between two people; common for spouses.

Joint Tenancy
Property in which two or more people share ownership.

Jumbo Loan
A loan amount above conforming loan limits. These loans typically carry higher interest rates than conforming loans because they can't be sold to Fannie Mae or Freddie Mac.