Millenials with mortgages: Why the jumbo loan is so hot right now

… of the jumbo variety the Wall Street Journal reports In NYC any loan over $625000 is called  a jumbo loan  the … over $625000 many millenials turn to their baby boomer parents for help on down payments Even for those who cant turn to mom and dad for help or cant qualify for a jumbo loan there …

By Lucy Cohen Blatter |May 5, 2015 - 3:06PM