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News about Mortgages:
Down payment assistance still available for many - Rockford Register-StarOne hundred percent financing isn’t entirely dead, according to local homebuilder Joe Contarino. You just have to look in different areas. Contarino, who owns Contry Homes, has been referring buyers in such rural subdivisions as Davis Junction and ...
REAL ESTATE NEWS - Charleston Post & CourierBeazer hosts workshops Beazer Homes is hosting a series of homebuyer seminars at its properties in the Charleston area. The events are today at 10 a.m. at Drakesborough, and at 1 p.m. at Moss Grove Plantation, and Thursday at 6:30 p.m. at Bolton’s ...
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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