Mortgage.net - Jennings mortgage rates - Compare mortgages by city in Jennings

You are here: Mortgage Rates > Indiana mortgage rates > Jennings

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

Jennings mortgage rates news:

Hillary's Nasty Pastorate - Common Dreams
There's a reason Hillary Clinton has remained relatively silent during the flap over intemperate remarks by Barack Obama's former pastor, Jeremiah Wright. When it comes to unsavory religious affiliations, she's a lot more vulnerable than Obama. You ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Tuesday about Hispanic voters in the Midwest incorrectly identified Phil Walzak. He is a spokesman for Democrat Barack Obama's presidential campaign, not for Republican John McCain's campaign. A quote Tuesday in a Public Investigator ...

Samsung spends $100M to sponsor the Olympic games, with Bill Ogle ... - CNBC
Discussing keys to next week's trades, with Dave Rovelli, Canaccord Adams; Tim Jennings, Vantage Trading; Larry Levin, SecretsofTraders.com;... Oil Falls on Strong Dollar Oil drops below $116 as the dollar surges against the euro, with CNBC's Bill ...

The silent victims of foreclosures — pets - Portsmouth Herald
Instrumental Rock & Sound Tracks. FREE MP3s & CDs ... With More Music! ...

Owners fleeing foreclosure leave pets to suffer and die - Raleigh News & Observer
ASK people who are losing their home what they will do with their pets and suggest some choices. CALL the Humane Society, the ASPCA, a shelter or an animal rescue group to ask what you can do in your area. CHECK foreclosed houses in your neighborhood ...

Foreclosure: When pet owners walk away - Everett Herald
STOCKTON, Calif. -- The house was ravaged -- its floors ripped, walls busted and lights smashed by owners who trashed their home before a bank foreclosed on it. Hidden in the wreckage was an abandoned member of the family: a starving pit bull. The ...

Janet joins the hunt - Arkansas Times
Hunter Johnston, as a partner, and Proctor Jones and Eric Tober, as senior legislative affairs professionals. "Our firm's alliance with Senator Johnston and the addition of Hunter ...

National credit crunch benefits county’s banks - DeWitt Era-Enterprise
Jackie and Anthony Johnson looked into financing their new home through a mortgage company but after studying their options, they decided they would be best off working with their local bank. The current mortgage crisis has also hit large banks hard ...