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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
Taylor home equity loans news:
Financial News
Leaner times for retailers - Grand Forks Herald
CHICAGO — The year of reckoning has begun for retailers. After a long stretch of easy access to capital, a store-building boom and effortless selling to shoppers flush with cash from home-equity loans, the retail landscape is about to get smaller ...

Recession hits retailers hard - Fort Lauderdale Sun-Sentinel
The year of reckoning has begun for retailers. After a long stretch of easy access to capital, a store-building boom and effortless selling to shoppers flush with cash from home-equity loans, the retail landscape is about to get smaller. Retailers ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Fund manager Bill Miller is in Sun Valley, Idaho, mixing with media kingpins and presumably trying to salvage his investment in Yahoo. His ...

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