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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
Dearborn mortgage rates news:
Financial News
Management Change - Morning Call
In a normal year, the 2009 Chevrolet Cobalt wouldn't be any different than the 2008 model, save for a few minor cosmetic changes. But this is far from a normal year. With gasoline still hovering around $4 per gallon, many manufacturers are making far ...

Original Watch URL: - Milwaukee Journal Sentinel
Wanted: creative (or desperate) SUV sellers and buyers. Gas prices have crept lower, but a fill-up is still no bargain. Reporter Katherine Diaz wants to get in touch with people looking to unload their sport utility vehicles, or those who see them as ...

PMI Releases Winter 2008 Risk Index - PR Newswire
WALNUT CREEK, Calif., Jan. 15 /PRNewswire-FirstCall/ -- PMI Mortgage Insurance Co., the U.S. subsidiary of The PMI Group, Inc. (NYSE: PMI ), today released its Winter 2008 U.S. Market Risk Index(SM), which ranks the nation's 50 largest metropolitan ...

Connecticut Real Estate - Glossary of Terms - Hartford Courant
The debits and credits between a buyer and seller to precisely adjust the dollar amounts for the closing for such items as real estate taxes, fuel oil, water and sewer use charges, etc. Agency disclosure form If a real-estate agent working with the ...

PMI's Fall 2007 Risk Index Shows Risk of Home Price Declines Near All ... - PR Newswire
WALNUT CREEK, Calif., Oct. 9 /PRNewswire-FirstCall/ -- PMI Mortgage Insurance Co., the U.S. subsidiary of The PMI Group, Inc. (NYSE: PMI) , today released its Fall 2007 U.S. Market Risk Index(SM), which ranks the nation's 50 largest metropolitan ...

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