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Mortgage Terms Glossary
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-J-
Joint Tenancy
an interest in property taken by two or more joint tenants.

Jumbo Mortgage
a mortgage that does not conform to the limits (currently a maximum of $240,000) set forth by Fannie Mae and Freddie Mac.

Junior Mortgage
a mortgage subordinate to another mortgage. An example would be a second mortgage, which is subordinate to a first mortgage.


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Mortgage Glossary © Copyright 2004, 2008