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Mortgage Terms Glossary  
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JOINT TENANCY
An undivided interest in property, taken by two or more joint tenants. Upon death of a joint tenant, the interest passes to the surviving joint tenants.
 
JUDGMENT LIEN
A lien on the property of a debtor resulting from the decree of a court.
 
JUMBO LOAN
A loan for $333,700 or more in the continental United States (Alaska and Hawaii limits are higher).
 
JUNIOR MORTGAGE
A mortgage subordinate to the claim of a prior lien or mortgage.
 
 
 
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