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First Minister heralds Burns as the man to beat the credit crunch - ScotsmanROBERT Burns can help pull Scotland through tough economic times, the First Minister said yesterday. The 250th anniversary of the birth of Scotland's national Bard would create a "wonderful" tourism opportunity, said Alex Salmond. said. "As we enter ...
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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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