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News about Mortgages:
Gaston County's housing market down in price, sales - Gaston GazetteGaston County's housing market down in price, salesGaston Gazette, NC - Jan 2, 2009Since then, the Federal Reserve has slashed interest rates and helped drive down mortgage rates to historic lows. So far, favorable mortgage rates have ...
Another Year In The History Books - Sidney Sun TelegraphAnother Year In The History BooksSidney Sun Telegraph, NE - Jan 6, 2009According to a memo from City Manager Gary Person, the possibility of adopting an ATV ordinance was requested by Mayor Wendall Gaston. ...
Homebuilders get hammers swinging with creative efforts - News-TimesNews-TimesHomebuilders get hammers swinging with creative effortsNews-Times, OR - Dec 17, 2008By Christian Gaston Music to his ears: Forest Grove realtor Rick Skaggs says it’s nice to hear his phone ringing again. Washington County is in the throes ...
The Cantor Art Gallery Presents Compilation: Three Exhibitions on ... - College of the Holy CrossThe Cantor Art Gallery Presents Compilation: Three Exhibitions on ...College of the Holy Cross, MA - Jan 5, 2009She has worked as a housing planner and developer and says “One of my favorite books is Gaston Bachelard’s Poetics of Space. “The house shelters dreaming” ...
Financial crisis: The Z to A of the year the world turned upside down - Telegraph.co.ukTelegraph.co.ukFinancial crisis: The Z to A of the year the world turned upside downTelegraph.co.uk, United Kingdom - Dec 28, 2008Photo: JIMMY GASTON Republican vice-presidential candidate Sarah Palin, proponent of the `Drill, Baby, Drill' energy policy. ...
Feed My Sheep opens - Biloxi Sun HeraldFeed My Sheep opensBiloxi Sun Herald, USA - Dec 18, 2008Since Hurricane Katrina flattened the Gaston Hewes Recreation Center three years ago, Feed My Sheep has been without a building to feed the hungry. ...
PUBLISHING: The writing was on the wall - Globe and MailPUBLISHING: The writing was on the wallGlobe and Mail, Canada - Dec 23, 2008Raincoast at one time or another published such Canadian authors as Bill Gaston, George Bowering, Cynthia Nugent and Chris Wood. ...
Garden Parkway: the road to contention - Belmont & Mount Holly BannerNewsGarden Parkway: the road to contentionBelmont & Mount Holly BannerNews, CN - Dec 31, 2008“It’s similar to a mortgage,” he said. “These roads are not inexpensive.” It was standing-room only in the auditorium of the East Campus of Gaston College ...
Hurdles remain, costs mount for Everglades land deal: But ... - TMCnetHurdles remain, costs mount for Everglades land deal: But ...TMCnet - Dec 20, 200820--On Tuesday, yet another South Florida buyer nervously agreed to an expensive real estate deal knowing the mortgage payments could be too much to afford. ...
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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