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

Crook mortgage quotes news:

September 2005 - MSNBC
You've got to give Pat credit for consistency. He tells the battered Bush, the indicted DeLay, and the investigated Frist to save themselves by launching a culture war. It's the same advice Pat gave the first President Bush after he lost a primary ...

Latest Rumors - allhiphop.com
Hip-Hop Rumors: The Game: “I Will Tear Jay-Z Limb By Li... Jayceon Taylor is still in lockdown. Gossip site, tmz, reported that he “walked out of Twin Towers Correctional Facility,” but he walked to another jail. LOL! But, they actually talked ...

Hip-Hop Rumors: Ozone Replies To Critics! Lady Drama an... - allhiphop.com
I am not sure if BET is looking for new hosts on “106 & Park,” but I heard a rumor that might have been confusing things. From what I heard, BET is looking to do another Hip-Hop show. I did hear that they had open casting calls for that as well ...

The £3.5m fraud, the £250,000 flat... and the deputy presiding ... - Sunday Herald
A SENIOR Labour MSP helped her crooked son cash in on a lucrative Holyrood flat he bought months after defrauding his employers of £3.7million. Deputy presiding officer Trish Godman purchased her son Gary Mulgrew's Edinburgh apartment for £250,000 ...

Labour MPs in open revolt over tax - Herald
GERRY 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 ...

Salmond faces another onslaught over Trump affair - Herald
Alex Salmond faced fresh attacks over his handling of Donald Trump's £1bn golf resort plans yesterday, with Labour accusing him of bowing down to wealthy investors. Labour claimed that Mr Salmond acted at the behest of the billionaire during the ...