Joint
Tenancy
A form of ownership or taking title to property which means each party
owns the whole property and that ownership is not separate.
Jumbo Loan
A loan that exceeds Fannie Mae’s and Freddie
Mac’s loan limits. The 2006 limit for single-family
homes and condominiums is $417000. These loans are also called
nonconforming loans. Freddie Mac and Fannie Mae loans are referred to
as conforming loans.
