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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.
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Dawson refinance mortgage news:
Record U.S median home price drop to $183,300 probably is not the ... - Bloggingstocks.comThe the most-pressing question after the National Association of Realtors announced a 3.1% October sales decline in existing homes: has the housing market bottomed? Unfortunately, for home sellers and the nation, the answer is no, so says economist ...
Business briefs - Chippewa HeraldPremium Waters, Inc. is one of the first bottled water companies to receive Safe Quality Food (SQF) Code 2000 Certification, and on Oct. 16, the Chippewa Falls production facility became the first private label water bottler plant in the U.S. to gain ...
Private equity firms left with debt hangover - The AustralianNow, the private equity firms that terrorised company boards last year, paying outrageously high prices for stakes in companies such as Nine Network, Seven Network, Myer and Rebel Sports, are the victims of their debt binges as they struggle to repay ...
Developers Diversified Realty Corp. Q3 2008 Earnings Call Transcript - Seekingalpha.com(Operator Instructions) Welcome to the Third Quarter 2008 Developers Diversified Realty Earnings Conference Call. I would now like to turn the call over to your host for today’s call Ms. Michelle Dawson, Vice President of Investor Relations. On ...
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