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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.

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Jefferson refinance mortgage news:
Financial News
Top Dollar Payout Offered For Loan Modification Leads - WebWire
Jefferson Financial Consortium offers top industry payout for qualified mortgage leads. Brokers who are sitting on idle leads or have clients who are unable to re-finance can work together with JFC to help the client resolve their financial troubles ...

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