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Louisville, Kentucky refinance mortgage

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You are here: Refinance Mortgage > Kentucky refinance mortgage > Jefferson refinance mortgage > Louisville
40201 40210 40219 40231 40252 40268 40287 40297
40202 40211 40220 40232 40253 40269 40289 40298
40203 40212 40221 40233 40255 40270 40290 40299
40204 40213 40222 40241 40256 40272 40291
40205 40214 40223 40242 40257 40280 40292
40206 40215 40224 40243 40258 40281 40293
40207 40216 40225 40245 40259 40282 40294
40208 40217 40228 40250 40261 40283 40295
40209 40218 40229 40251 40266 40285 40296
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
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