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News about Mortgages:
Daniel Island senior-living facility bought - Charleston Post CourierDaniel Island senior-living facility boughtCharleston Post Courier, SC - Dec 14, 2008The ACE Basin Project has protected more than 180000 acres in the area around the Ashepoo, Combahee and Edisto rivers. Field & Stream magazine named Lane a ...
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Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
View all Terms