Mortgage.net - Summit mortgage loan - Compare mortgages by city in Summit

You are here: Mortgage Loan > Utah mortgage loan > Summit

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

Summit mortgage loan news:

Instant mortgage approval - Summit Daily News
I am constantly hearing on the airwaves how some lenders can get you approved while you wait. Well, so can I, and so can thousands of other mortgage brokers. This is a standard tool in mortgage processing in today’s computer world, and absolutely ...

Buy a home for your college student - Summit Daily News
Buying a property for your child to live in while they attend college can be a worthwhile financial investment for you, as well as an excellent learning experience for your child. Of course the market is always changing, but for instance, if a parent ...

CWB Reports Solid Third Quarter Financial Results Marking 81 ... - CNW Group
Strong loan growth of 3% in the quarter and 10% year-to-date Record total revenues despite the significant impact of ongoing margin compression Quarterly dividend of $0.11 per common share declared >> EDMONTON, Sept. 4 /CNW/ - Canadian Western Bank ...

Forest City Reports Second-Quarter and Year-to-Date Financial Results - Earthtimes
Author : Forest City Enterprises, Inc. EBDT (Earnings Before Depreciation, Amortization and Deferred Taxes) for the second quarter was $88.3 million , or $0.82 per share, a 24.2 percent increase on a per share basis compared with last year's second ...

Bonds Video Gallery - CNBC
The tightening could worsen an already weakened outlook for jobs and the economy. Businesses may have trouble borrowing what they need to grow, and consumers may have to cut spending as mortgage costs and credit card fees increase. An example of a ...

Lenders that Have Closed Shop, - Wall Street Journal
More than 80 mostly subprime mortgage lenders -- those that make home loans to the riskiest borrowers with questionable credit -- have closed shop since the end of last year as clients defaulted on payments and banks cut off the funding required to ...

Citigroup Incorporated - Baltimore Sun
Ronald Hermance, head of Hudson City Bancorp, has never made a subprime loan. His bank doesn't keep risky mortgage securities on the books, and is headed toward another record year of profits. Nonetheless, Hermance's Paramus, N.J.-based savings bank ...

Food Crisis Needs Aid on Scale of Tsunami to Avert Famine - Common Dreams
Pressure for international action to combat the "silent tsunami" of the global food crisis intensified amid warnings that spiraling prices meant more than 100 million people could be plunged into hunger. A Downing Street food summit called by Gordon ...

Should Ron Paul be allowed at Sunday's debate? - Los Angeles Times Blogs
There seems to be a debate going on between Fox News and New Hampshire Republicans over precisely who will participate in this weekend's presidential debate. Rumor has it that online fundraising sensation and Texas congressman Ron Paul and San Diego ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
How about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson , a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...