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News about Mortgages:
Is 2009 the year we take responsibility? - Jacksonville Daily NewsIs 2009 the year we take responsibility?Jacksonville Daily News, NC - Jan 2, 2009Onslow County resident Bonnie Throckmorton is the consumer affairs columnist for The Daily News and a frequent contributor to the op-ed page. ...
Trust and building franchise team up for development - Otago Daily TimesTrust and building franchise team up for developmentOtago Daily Times, New Zealand - Jan 5, 2009Stage one of the Nerin Square village site at Lake Hayes Estate would involve five terraced houses alongside Onslow Rd. Each house would have three bedrooms ...
Mains in affordable homes tie-up - Scene QueenstownScene QueenstownMains in affordable homes tie-upScene Queenstown, New Zealand - Dec 23, 2008The project is stage one of the Nerin Square village site and comprises five terraced houses alongside Onslow Road. All homes are three-bedroom, ...

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Today's Mortgage Terms starting with C
Cash To Close: Liquid assets that are available on hand for payment of closing costs involved in the processing of a mortgage transaction.
Closing: The completion of a real estate transaction. The closing includes the delivery of a deed, financial adjustments, signing of notes and disbursement of funds required to finalize the sale and loan transaction.
Closing Costs: Fees generally paid by the borrower in relation to the closing of a mortgage loan.
Collateral: Property pledged as security for a debt.
Conforming Loan: Conventional refinance mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). These agencies generally buys first mortgages up to loan amounts approved by Congressional directive.
Conventional Loan: Loans that are not part of any government housing program, free of any restrictions of government insured housing programs, such as loan size limits.
Conversion Clause: A feature in certain ARMs that gives you the option to convert the variable rate loan to a fixed-rate loan, usually after the first adjustment period. The new fixed rate will be set at current rates and there could be a fee for the conversion feature.
Convertible ARM: A type of ARM loan that can be converted to a fixed-rate loan after a certain time period.
Covenant: A clause in a contract that obligates or restricts the parties and if broken, can result in a legal action.
Credit Bureau: It is a clearinghouse for credit history information.
Credit Report: A report containing a detailed credit history of an individual.
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