Conventional mortgages are more in line with the needs of the average homebuyer. Jumbo mortgages are for properties with steep price tags, often in larger cities.

If you need an especially large loan, you'll likely need to find a mortgage lender that offers jumbo mortgages. These mortgages are a little trickier to qualify for, but they come with the benefit ...

If you have a large sum in a savings account (generally more than $100,000), consider opening a jumbo CD. Jumbo CDs have higher minimum balance requirements and earn higher interest rates.

And one risk-free option to consider is a jumbo CD. CD rates have dipped slightly, following the Federal Reserve lowering interest rates three times in 2024. However, the Fed didn't continue its ...