Gorham Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Roof caves in on new housing - Maine Sunday TelegramFewer new homes will be built in southern Maine this year than any time since at least 1991, figures show. From January through Nov. 15, builders took out 841 permits in the 38 communities tracked by Construction Data New England. That's roughly a ...
Local Announcements - Inside NovaA youth select travel organization will be holding tryouts for the 2009 season for its U8 and U9 teams. The organization also seeks a head manager/coach and players for the U8 team. Interested families can contact Tim Dooley at (703) 740-7277 or ...
Citigroup collapse would reach far - St. Petersburg TimesLike many in the bay area, Bob DiLonardo has ties to Citigroup. It's hard not to considering the behemoth's tentacles run deep and wide — credit cards, mortgages, brokerage services, corporate lending, wealth management through Smith Barney. But ...
Realtor says Sioux City housing market 'strong and study' - Sioux City JournalSIOUX CITY -- When Dawn Gorham started house hunting in the Sioux City area, she liked what she found. "There were plenty of houses available. I felt you could find something that was reasonably priced in any category, depending on what you wanted to ...
As foreclosures rise, Paterson hires counselor - Herald NewsPATERSON — Faced with a 49 percent increase in foreclosures and the second-highest number of foreclosures in the state, the city's Housing Authority has hired a full-time employee to work on preventing more city residents from losing their homes ...
Compelling course at gym - Boston GlobeBret Bondlow is hoping a course he is offering at his Hanover business, Compelling Fitness, will offer new help to autistic children and adults, and anyone with special needs. The business opened last December, and shortly thereafter, Bondlow, a ...
Who is filing foreclosure in Pasco? Guess again - St. Petersburg TimesNov. 4, 2008, was historic. Newspapers called it "a new era" and "a new dawn" and even "a national catharsis." It was hailed as a racially and politically transformative day around the country, and the world, from Boston to London to Kenya to ...
Water service interruption averted for Slater apartment dwellers - Marshall Democrat-NewsThe city of Slater found itself caught recently between a group of disgruntled apartment building tenants and an elusive new owner of the building after the previous owner requested the utilities be taken out of his name. Residents of Slater's ...
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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