Not all mortgage loans are created equally, and jumbo mortgages are a clear example of that difference. These loans are designed for higher priced homes and come with unique guidelines that affect both buying and refinancing decisions. Understanding how jumbo mortgages work and why refinancing them is different can help you make smarter long-term financial choices. What a Jumbo Mortgage IsA jumbo mortgage is a home loan that exceeds the conforming loan limits set for conventional financing. … [Read more...]