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Mortgage Glossary

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There are 3 terms in this glossary beginning with the letter J.

Joint ownership

a type of property ownership in which two people share equally in a home and/or property; common for spouses.

Joint tenancy

a type of property ownership in which two or more people share.

Jumbo mortgage

a type of high-risk loan, or non-conforming loan, in which the loan limit is higher than that of a conventional loan.