Joint Tenancy
A form of ownership or taking title to property which means each party owns the whole property and that ownership is not separate.

Jumbo Loan
A loan that exceeds Fannie Mae’s and Freddie Mac’s loan limits. The 2006 limit for single-family homes and condominiums is $417000. These loans are also called nonconforming loans. Freddie Mac and Fannie Mae loans are referred to as conforming loans.