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Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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Washoe home equity loans news:
Sponsored by: - Reno GazetteAs of Nov. 4, bank-owned properties and short sales comprised 45 percent of the Reno-Sparks market, said CalNeva Realty owner Mitch Argon, who regularly publishes a report on local foreclosure inventory on his Web site FreeNevadaMove.com. Bank-owned ...
FORECLOSURE: for 22 months, Nevadans have faced worst of national ... - Reno GazetteShelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...
Mortgage crunch takes toll on bystanders - Reno GazetteBuffy Martin Tarbox said she's done everything right. When she bought her 900-square-foot home in a southwest Reno neighborhood nine years ago, she paid a fair price with a fixed-rate loan from a reputable lender. Five years later, when the housing ...
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