Joint Liability - Liability shared among two or more people, each of whom is liable for the full debt.

Joint Tendency - A form of ownership of property giving each person equal interest in the property, including rights of survivorship.

Jumbo Mortgage - A mortgage larger than the limits set by Fannie Mae and Freddie Mac outlined as follows: Lower 48 States: 1 unit (i.e. a single family home): $333,700; 2 unit (i.e. a duplex) : $427,150; 3 unit: $516,300; 4 unit: $641,650; For Alaska and Hawaii: 1 unit (i.e. a single family home): $500,550; 2 unit (i.e. a duplex): $640,725; 3 unit: $774,450; 4 unit: $962,475 .