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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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Coles refinance mortgage news:
Financial News
The biggest losers (and a few winners, too) - Brisbane Times
In the pantheon of financial performances, 2008 was an absolute stand-out for all the wrong reasons. Scott Rochfort looks at those companies which had a year to forget and may be forgotten as a result. The year that got off to an unattractive start ...

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