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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.

View all Terms
Mercer mortgage rates news:
Financial News
VIDEO: Perdue Freezes Money for Homeowner Tax Exemptions - 13 WMAZ
Governor Sonny Perdue froze $428 million budgeted for the homeowner tax relief grant. That's money that goes toward lowering your property tax bill through homestead exemptions. Homeowners will not see a difference in their bills yet, according to ...

401(k) loans are risky, rising - Raleigh News & Observer
Pinched by living costs, more consumers take chances with retirement savings Trent Charlton knew the risks when he borrowed $10,000 from his 401(k) and cut his retirement savings in half. But Charlton, 40, an account executive at an Irvine, Calif ...

Radio & TV Talk - AccessAtlanta
All the entries posted in October. Tom Joyner’s annual Sky Show comes to the Atlanta Civic Center this Friday with Cameo (“Word Up”) and comic Sinbad. It’s free and seating is open, first come first serve. Some folks will camp out overnight ...

REAL-TIME NEWS - Newark Star-Ledger
An influential doctors group today recommended some children as young as eight be given cholesterol-fighting drugs to ward off future heart problems. It is the strongest guidance ever given on the issue by the American Academy of Pediatrics, which ...

Bank warns of coming recession - Stuff
The economy is being hit by a perfect storm that will probably blow it into recession, the Bank of New Zealand warns. "We are becoming increasingly convinced that the New Zealand economy is heading for recession," BNZ economist Stephen Toplis says ...

Archive » 2004 » January - Banker
I have been following the debate about Basel II in The Banker with interest. To use an insurance analogy, moving from a flat-rate method of assessing motor premiums to one in which premiums depend on the driver’s accident history inevitably ...

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