Once these 4 steps are complete, the cheese has been made! The unique flavor of each type of Canadian cheese type is due to one or more of the following: The kind of milk used. The method of curdling milk. The method of cutting and forming of the curd. The type of bacteria or moulds used in ripening.
Conforming Mortgage Loans. For the sake of simplicity, a âconforming mortgageâ is a home loan with a loan amount up to $417,000 that also fits guidelines set forth by Fannie Mae and Freddie Mac.
Jumbo loan. A mortgage for more than the conforming limit set by Fannie Mae and Freddie Mac. In most counties, any mortgage of more than $424,100 is a jumbo loan. In counties with high home prices, the conforming limit is higher â up to $636,150. For years, the interest rates on jumbo loans were consistently higher than the rates on conforming and FHA mortgages. But that changed during the recovery from the mortgage and real-estate meltdown of 2007 and 2008. Since then, interest rates on jumbo loans have been comparable to rates on comparable conforming loans. One main reason: Lending standards for jumbo loans tend to be more strict, with bigger down payments required.