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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.
View all Terms |
Adams mortgage quotes news:
August 2008 - New York Daily NewsThe Senate GOP just broke from conference and is on its way to gavel in, but will likely head back behind closed doors before long. The Assembly Democrats are still in conference. The shape of a deal is starting to emerge, but it's very preliminary ...
Azi Paybarah - New York ObserverHoward Wolfson said that Obama Nation --the first major negative biography about Barack Obama--is "D.O.A." On his new blog Gotham Acme (where else?) Wolfson praised the media's efforts to debunk the claims of the author, Jerome Corsi , who also co ...
An emotional Bush at last Fourth of July as president - Los Angeles Times BlogsIt was his last Fourth of July as president -- and his first visit to Monticello, the home of the author of the Declaration of Independence, Thomas Jefferson. It was not a long trip. It took the presidential party 40 minutes by helicopter from the ...
01/16 - 01/23 (1) - Dakota VoiceBadlands Blue Dakota 21 Dakota Today DakotaWomen GraceLife Haggard News Hog House Blog Jay Reding.com Jim Rivers Report Mount Blogmore (RC Journal) Northern Valley Beacon Proud Liberal RadioActive Chief Rage in the Cage Robbinsdale Radical School-of ...
Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-ReviewIssue: Most Americans see 'judicial activism' crisis: Legal experts shocked by results of survey by American Bar Association publication /WorldNetDaily. DFO: Count me among those who believe the judiciary, particularly the federal judiciary and 9 U.S ...
January 2007 Archives - Daily BlabberEarlier this morning I told you about Jennifer Aniston's interview with People in which she talked about her most recent nose job . Or, as she likes to call it, necessary corrective surgery. Whatever gets her through the night. Now more than ever, it ...
Wild Card -- Tuesday PM - Spokane Spokesman-ReviewIssue : Washington Post confirms 'Deep Throat' ID: Ex-FBI official W. Mark Felt says he was Watergate source /Associated Press. DFO : Not that it makes any difference, but it's nice to know who Deep Throw is/was. And that he, indeed, was a reliable ...
American Idol Buzz - AccessAtlantaAll the entries posted in April. Jason Castro deserved to go tonight. Heck, he probably wanted to go home, take a little break before the tour and chill! But as recent weeks have indicated, the most obvious person hasn’t been going home. Instead ...
Breaking News: Pro-Clinton push poll erupts in California - Los Angeles Times BlogsEd Coghlan was just starting to prepare his dinner in the northern San Fernando Valley the other night when the phone rang. The caller was very friendly. He identified himself as a pollster who wanted to ask registered independents like Coghlan a few ...
Labour MPs in open revolt over tax - HeraldGERRY SUTCLIFFE: Sided with industry, then changed tack. Gordon Brown was last night facing an "open tax revolt" from his own MPs after the minister responsible for pub licensing attacked the rise in alcohol duty and dozens of Labour back benchers ...
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