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Wildwoods wager - Bangor Daily NewsSnowmobiling in Maine was such a draw to a Massachusetts couple that they pulled up their roots, left their lucrative jobs and plunged into the hospitality industry in this small Piscataquis County community. Through the Internet and with help from a ...
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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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