Posted on: 30th Jul, 2009 05:25 pm
what is 30yr conv jumbo arm? please advice .Thanks
If you remove the "conv" portion of your statement, then it makes sense.
hi tammy477
welcome to the forum
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welcome to the forum
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Loans above the maximum loan amount established by Fannie Mae and Freddie Mac are known as 'jumbo' loans. Because jumbo loans are bought and sold on a much smaller scale and risk invloved is high, they often have a little higher interest rate