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A Portland family celebrates historic firsts - OregonianFrom the primaries to the polls, much has made this election year unique. There have been highs and lows, surprises and firsts. For the Harris family in Portland, there is one more first. Gloria Harris welcomes her grandson to the tradition of voting ...
October 2008 - Kansas City Star BlogsAccording to Republican Party statements. Barack Obama has not been “tested.” I am having difficulty understanding what test John McCain has passed that Sen. Obama has not passed. Was it the financial crisis this past month, where Sen. Obama ...
Locally, black residents elated over Obama - Knoxville News SentinelMinister Elonda Wood, left, and Benny Wood laugh Wednesday night at Canaan Baptist Church of Christ. The Rev. Harold Middlebrook, pastor of the church, said of Barack Obama, "He represents that anyone in this land can achieve the highest office, if ...
Group calls for 55 mph national speed limit - ksl.comThese freaks don't do anything to create value, and spend all of their time thinking of ways to mess things up for the rest of us. I drive 35-THOUSAND miles per year so I can see my children with an ex-wife who moved to CA. The distance between ...
What do you think of the Packers' picks? - Milwaukee Journal SentinelHow do you think Ted Thompson and the Packers made out? Do you like their picks? Will they make the Packers winners again? Over the weekend and into Monday, those were the questions we asked Packers fans. Here are the responses (it wasn't pretty ...
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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