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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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Borden home equity loans news:
Financial News
Erie County Real Estate Transactions - Buffalo News
• 12845 Broadway, Prameela Rebala to Saibabaram Llc, $445,000. • 11143 Westwood Road, Mary J. Saxer; Gerald L. Saxer to Kevin R. Barczykowski; Jennifer L. Barczykowski, $170,800. • 1250 East Laray Drive, Betty Jane Kile; David R. Kile to Mary J ...

Bailout Would Come In Stages That Congress Could Halt - Common Dreams
WASHINGTON - Congress and the Bush administration reached tentative agreement early Sunday on a sweeping $700 billion rescue plan to take bad assets off the books of banks and other financial firms. The deal is expected to be put on paper in the ...

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