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

Jackson mortgage rates news:

All About Him - Slate
McCain Speech React: I predicted McCain's would be a good speech. Wrong again. That makes two successful conventions ending with weak final acts. 1) McCain screwed up what was potentially the most effective part of the speech, where he blames his own ...

Premier Capital Arranges $22.5 Million Financing for Four Hotels in ... - MSN MoneyCentral
BELLEVUE, Wash. , Sept. 4 /PRNewswire/ -- Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in obtaining debt for hospitality real estate, announced today that it had arranged and successfully ...

McCain's vice presidential candidate vows to upend Washington - Knoxville News Sentinel
Former Arkansas Gov. Mike Huckabee speaks during the Republican National Convention in St. Paul, Minn. ST. PAUL, Minn. - Claiming her historic place on the Republican ticket, vice presidential candidate Sarah Palin mocked Barack Obama's experience ...

St. Paul Was in Minneapolis Last Night - New York Times Blogs
That was a line spoken yesterday by Doug Wead at a political convention in Minnesota. The first “St. Paul” he mentioned was the city where the G.O.P. is holding its convention; the second one is Ron Paul , leader of the “constitutionalists ...

GOP convention, Night Two - Atlanta Journal Constitution
Apparently, 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 ...

Ben Bernanke Video Gallery - CNBC
The greatest economic minds are in Jackson Hole discussing the economy, with CNBC's Steve Liesman and Dave Bahoric, Trad... Federal Reserve Chairman Ben Bernanke told lawmakers that extending tax cuts put in place during the Bush administration could ...

Voter ID Laws - OpEdNews.com
Project Vote: How Voter ID Laws Unfairly Burden Voters And Skew The Electorate With little more than two months left before Election Day, prospective voters are rushing to get registered. And like the way that slugs thrive in moist weather, voter ...

Anti Trust Crime - Chicago Tribune
RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page. MORTGAGES Adjustable rates rise, fixed ease Average ...

New data reveal breadth of housing slump - MSNBC
See today's average mortgage rates across the country. WASHINGTON - Sales of existing homes fell in 45 states during the October-December quarter, with metropolitan areas showing growing weakness, a real estate trade group said Thursday. The fourth ...

Bush names new HUD chief - MSNBC
President Bush introduced former Small Business Administration head Steve Preston as his nomination for Housing and Urban Development Secretary, Friday, in the Roosevelt Room of the White House. WASHINGTON - President Bush on Friday chose SBA ...