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Low rates lure refinancers, not buyers - MaineToday.comLow rates lure refinancers, not buyersMaineToday.com, ME - Dec 18, 2008By TUX TURKEL, Staff Writer December 18, 2008 Jay Chapin was on a conference call early Wednesday with a handful of other Maine credit union executives when ...
NEW BUSINESSES - Providence JournalNEW BUSINESSESProvidence Journal, RI - Jan 1, 2009Active LLC: A: Rebecca R Rossi, 63 Chapin Ave, Providence 02909. JED ENTERPRISES, LLC: A: Corp. Service Co., 222 Jefferson Blvd., Ste. 200, Warwick 02888. ...
Erie County Real Estate Transactions - Buffalo NewsErie County Real Estate TransactionsBuffalo News, United States - Dec 15, 20087 Chapin Circle, David M. Dirienzo; Loretta T. Zagaria; Loretta T. Dirienzo to Daryl J. Demari, $247500. • 2 Red Clover Lane, Marrano/ Marc Equity ...
Is Santa Claus Getting Set To Cheer Up Wall Street? - NBC PhiladelphiaIs Santa Claus Getting Set To Cheer Up Wall Street?NBC Philadelphia, PA - Dec 17, 2008"We're looking for a six-week rally," says Kathy Boyle, president of Chapin Hill Advisors in New York. "An Obama-Santa Claus rally. ...
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.
View all Terms