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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 |
Bristol home equity loans news:
Forget Palin! - SlateTomorrow's Marching Orders Today: If there were some sort of tacit liberal MSM conspiracy--a hypothetical!-- Plan 1 was to knock Palin off the ticket out of the box with various unvetted home state scandals. Plan 2 , the plan currently in place, is ...
GOP convention, Night Two - Atlanta Journal ConstitutionApparently, John McCain was a POW. I’ve always had deep respect for that part of his history, but like anything it can be overplayed to the point of parody. McCain campaign strategist Steve Schmidt told the Washington Post Tuesday that this ...
MONDAY, FEB. 12 - Wall Street JournalAn E.coli outbreak that closed some Taco Bell restaurants in December aggravated investor concern about Yum’s sluggish U.S. performance. That said, the fast-food company is going great guns overseas, which helped boost its stock 24% last year. See ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveMore Details of McCain's Wisconsin Visit: Senator Kohl Takes ... McCain Fires Up Valley Supporters A number of ... Home loan troubles break records again: Southeast preps for Hanna ...
Shrum/McCain '08! - SlateBob Wright makes the case that Bristol Palin's pregnancy is a problem even if she marries the father of her child. It's bizarrely persuasive. ... 12:06 A.M. Immigration is, as of today, the great unmentioned issue at both conventions. ... 11:44 P.M ...
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