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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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Brooke mortgage rates news:
Hong Kong Home Prices May Fall More on Tighter Credit (Update1) - BloombergDec. 5 (Bloomberg) -- Hong Kong home prices, down almost a quarter from their five-year high in March, may drop further as the credit crisis drives up joblessness and threatens to spark defaults. “There’s a real lack of funds,” Leland Sun ...
Time is right for Brooke Beer to buy - News.com.auBROOKE Beer has just bought a one-bedroom flat and gained a mortgage. But yesterday's fall in interest rates means she is better off than she was a year ago, when she paid $1300 a month in rent and into a home deposit savings plan. The 32-year-old ...
RBA cuts rates again - Sydney Morning HeraldDecember 2 | Herald economics editor Ross Gittins on the Reserve Bank's latest cut in official interest rates, and advises mortgage holders and investors the best course of action to take. Ross Gittins: mortgage advice Iconic album cover art Bangkok ...
Best & Worst in Money 2008: Best silver lining to the recession - Bloggingstocks.comThis post is part of AOL Money & Finance's Best & Worst in Money 2008 feature. Chicken Little's warning came as good news to astronomers hoping for a better view of the sky. In the same way, not all results of the economic morass of 2008 have been ...
Hong Kong Home Prices May Fall More as Banks Tighten Lending - BloombergDec. 5 (Bloomberg) -- Hong Kong home prices, already down almost a quarter from their five-year high in March, may drop further as banks tighten mortgage lending on concern rising unemployment may hurt buyers' ability to repay. ``There's a real lack ...
Borrowers could face $10,000 switch slug - ninemsnBorrowers who fixed their mortgages earlier this year in the hope of beating rising interest rates could face a $10,000 fee if they want to take advantage of cheaper loans. Fortunate consumers on an average $250,000 standard variable home loan are ...
Merchant of gloom makes a bet - ninemsnAn academic who expects zero interest rates within two years and a 40 per cent drop in house prices has promised to walk from Canberra to the top of Australia's highest mountain if he's wrong. And he'll wear a T-shirt saying: "I was hopelessly wrong ...
Breaking In, Moving In - IntelligencerWHEELING - Squatters are nothing new in the city of Wheeling or any other city in the United States. But in Miami, Fla., a group is taking squatting to another level. Homeless advocates have formed ''Take Back the Land'' - a group that helps people ...
A compilation of Sun stories that offer health advice - Batavia SunAccording to a 2006 study of online health searches by the Pew Internet and American Life Project, 80 percent of American Internet users, or some 113 million adults, have searched for information on health topics. The project, an initiative of the ...
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