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When you’re shopping for houses for sale in Charlotte, NC and you need to finance more than the maximum amount that’s considered a “conforming loan” by Fannie Mae and Freddie Mac, you’re looking at a jumbo loan. But what is a jumbo loan, and how is it any different from a regular mortgage loan? What is a Jumbo Loan? A jumbo mortgage is simply a mortgage that doesn’t conform to the Fannie Mae and Freddie Mac guidelines for what they’ll buy from lenders. The two agencies will only buy loans … Continue reading...