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News about Mortgages:
Some residents live in fear of foreclosure - Register CitizenElizabeth Jamieson is a self-employed foreclosure inspector. Usually, an inspector visits 100 homes or so per month. Last month, Jamieson inspected 200 houses. “I am the first person who finds a vacant property. It’s an eerie sight,” she said ...
OWEN CANFIELD: Root for the local guys - Register CitizenNo comments posted. A man of integrity and class that I once knew was the vice president and a key official of a small manufacturing company in Torrington. Another much younger man was the company president, which was fine with the old VP who had ...
Personal effects - Guardian Unlimited• Your boyfriend's position is entirely fair. Just don't forget to invoice him, at the full commercial rate, for his 50% of the cost of the services you will soon be providing: childminder, caterer, nutritionist, nappy changer, health supervisor ...
Guido Tino remembered by many - TriVallyCentralGuido Tino loved life. The words used to describe him by his friends and family include "dynamic," "a total giver," "enthusiastic," and "a remarkable humanitarian." The 71-year-old Sherman resident, who died Nov. 21 of complications from a recent ...
Dog park disassembled - Register CitizenTORRINGTON — After a number of months of delay, city Parks and Recreation workers removed the fence set to protect Drakeville residents from dogs playing in the dog park opposite the local volunteer fire department. After opposition from area ...
Torrington might get foreclosure assistance Federal funds heading for ... - Waterbury Republican-AmericanThe state has developed a draft plan to allocate more than $25 million in federal money to help seven cities in the state respond to the foreclosure crisis, Gov. M. Jodi Rell said Wednesday. Waterbury would receive more than $3.57 million under the ...
St. Paul’s marks 40 years - Register CitizenTORRINGTON — St. Paul’s Lutheran Church celebrated their 40th anniversary on Sunday with a regular church service followed by a well-attended luncheon. The church celebrated the 40 year anniversary of the current church building, which was ...
GOING GREEN - Star-HeraldBob Lenz’ new house in Gering isn’t painted yet, but it’s already green. The Scotts Bluff County Housing Authority and Eastern Wyoming College is making his dream of owning an environmentally friendly home a reality. “When we saw the ...
Keys to keeping money in your pocket - TriVallyCentralIn what economists last week predicted would be a long, tough recession, everyone seems to be losing. People are losing their homes. People are losing their jobs. And of course, everyone is losing money. So how can you keep as much money as possible ...
Council on Aging Events - Abington MarinerThe Milano Senior Center is located at 201 West Foster St., Melrose. Hours: Monday-Friday, 8:30 a.m. to 4 p.m. For information, call 781-662-6886. The Council on Aging office is at 235 West Foster St., Melrose. COA hours: Monday through Friday, 8:30 ...
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.
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