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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 home 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
Dawson mortgage rates news:
Financial News
August 2008 - Weblogs.sun-sentinel.com
Here are video reports from Juan Ortega. (He taped Thursday night, so when elections officials refer to tomorrow, they are talking about tonight.) Ortega and Scott Wyman also report that: In an uncommon move, a Broward County administrative manager ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
Issue: Most Americans see 'judicial activism' crisis: Legal experts shocked by results of survey by American Bar Association publication /WorldNetDaily. DFO: Count me among those who believe the judiciary, particularly the federal judiciary and 9 U.S ...

Credit crisis stalls hotels - Raleigh News & Observer
* Construction on The Hillsborough, a proposed 25-story tower with a 136-room boutique hotel and 26 condominiums, was to begin at the corner of Dawson and Hillsborough streets by April 1. But at the last minute, lenders asked Raleigh developer ...

The silent victims of foreclosures — pets - Portsmouth Herald
PORTSMOUTH — Some economists contend that many of those homeowners currently involved in foreclosures have to shoulder some of the blame themselves because they borrowed beyond their means. However, there is a segment of the population that played ...

December 2007 - Weekly Standard
An open letter to the Iowa GOP from Alexander J. Madison and sent out by the Hunter campaign. As one friend describes it, it's "the most conservative statement ever ." Enjoy... Dear Iowegians, Every presidential election season, your state has the ...

April 2008 - Weekly Standard
Nearly half of Democrats (48 percent) think Hillary Clinton has a better chance of beating John McCain in November — 10 percentage points higher than the 38 percent who think Barack Obama can win, according to a FOX News poll released Wednesday ...

Hockey is still number one in our hearts and Britney keeps giving us ... - CNW Group
Yahoo! Canada's list of the top online searches for 2007 provides a snapshot of what makes us uniquely Canadian TORONTO, Dec. 3 /CNW/ - Yahoo! Canada today released its list of the most popular search terms of 2007 and while the results show that ...

Record Q3 results for Northern Property - CNW Group
10 cent per unit distribution increase announced CALGARY, Nov. 8 /CNW/ - Northern Property Real Estate Investment Trust (the "REIT") (NPR.UN- TSX) announced its financial results for the three months ended September 30, 2007. HIGHLIGHTS ...

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sources: informars.com, erate.com, Freddie Mac
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