Rhodes Mortgage Rates and Information Online from competing Lenders

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Dear Obama: Send loans fast - CNN Money
Unable to get bank loans, A-2-Z Scuba owner Amy Rhodes is scrambling to keep her business on track. (CNNMoney.com) -- What could jump-start the economy? Affordable loans for small business. With bank lending almost frozen and consumer spending down ...

Good deeds: Gettel gets Boys & Girls Clubs into game - Herald Tribune
Gettel Hyundai distributed free to the public more than 4,500 tickets to a Sarasota Reds game to say "thank you" to the Sarasota-Bradenton community. The game benefited the Boys & Girls Clubs of Sarasota County, enabling the organization to recruit ...

Street of risk and loss - San Diego Union-Tribune
It produced easy money for specula-tors and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. Few streets in the county have witnessed as dramatic a turnaround as Little Lake. Nestled in the heart ...

274m bet blow for pub giant - The Sun
ABOUT £50billion was wiped from the FTSE 100 as fears over the future of the US car industry hammered confidence. German chemicals giant BASF added to the gloom by announcing plans to temporarily close 80 factories. And CBI data indicated a sharp ...

Young politicos - U-Wire.com
The youth vote came out in full force this election. Student volunteers worked for campaigns; canvassing for votes, working phone banks, and registering voters. However some young politicos decided to get more involved in the election by becoming ...

Video: Dodge EV Smokes a Hemi, Sort Of - Wired
Chrysler is bringing its three electric-car prototypes to the Los Angeles Auto Show, and in a desperate bid to get some publicity before the shindig it staged an impromptu "drag race" between the Dodge EV and a Challenger SRT8 hemi. The smallest of ...

For family, life is free without debt - Catholic Online
ROCK HILL, S.C. (MCT) - Travise Smith got fed up with being in debt, and decided to do something about it. The first thing you should know about Travise is this: When she decides to do something, she's hard to stop. Like the time she packed up and ...

FOR THE RECORD - Register-Guard
Davenport-Vongsy — Teresa Davenport and Steve Vongsy, of Cottage Grove, a daughter. Fuller — Rebecca and David Fuller, of Springfield, a son. Clark — Leanna and Brandon Clark, of Springfield, a female. Cordell — Sarah Hagel and Devin Cordell ...

Institutions key to developing rental sector - Financial Times
The UK housing market is in a mess. Prices are falling, there is no liquidity for those wanting to sell, limited mortgages for those wanting to buy, repossessions are rising and new building has stopped, despite an acknowledged growing shortage of ...

Real estate transfers: Nov. 17 - Knoxville News Sentinel
Provision Properties LLC to East Tennessee Healthcare Development LLC, in Dowell Springs subdivision, $2,138,600. Kamilia Kozlowski to East Tennessee Healthcare Development LLC, in Dowell Springs subdivision, $1,590,426. About Face Properties LP to ...

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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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