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People in Business - Nashville TennesseanCandace Hooker joins Lattimore Black Morgan & Cain PC in a staff position in the audit division. Hooker was with Cellular Sales. Sydney Evans Stars has joined the firm's tax division. HORNE LLP has announced the opening of a second location locally ...
Only One Person Knows a Home's Value: Its Buyer - Wall Street JournalThe good news is your home may be worth more than the rock-bottom price that your neighbors' houses fetched. The bad news: No one but you might think so. The one point of widespread agreement in the real-estate industry is that there is no single ...
Greenwood Faces Tax Extension - Southwest Times RecordGREENWOOD — Voters in Greenwood will decide Tuesday whether to extend a 10-year ¾ percent sales tax they approved two years ago. The sales tax voters passed in 2006 will sunset in 2017. Greenwood Mayor Kenneth Edwards says the tax needs to be ...
For sale, for less - Baltimore SunHalf the communities in the Baltimore metro area saw average home sale prices decline last year as the housing slump deepened. That's a big change from 2006, the first full year of the downturn, when prices were still rising in eight out of 10 local ...
Metro forced to remedy $59M in bonds - Nashville City PaperA potential loan agreement between Metro and the Clarksville Public Building Authority came after a German bank had its rating downgraded, leaving Metro looking at a ballooning repayment rate on $59 million in variable-rate bonds. When the German ...
Alexander and Tuke give positions on the issues - Leaf ChronicleALEXANDER: I supported the recommendations of the Iraq Study Group and the "surge" led by Gen. David Petraeus, so that we could make progress in Iraq and Afghanistan, move our military from a combat position to a support role without deadlines for ...
OPERATION HOMEFRONT ANNOUNCES ANNUAL FREEDOM WALK - Leaf ChronicleFt. Campbell, KY ñ Operation Homefront - Kentucky & Tennessee will hold Freedom Walk 2008 on Saturday, October 25, 2008 at the Agricultural Pavillion at Fairgrounds Park in Clarksville, Tennessee. Freedom Walk is an annual community event to honor ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The good news is your home may be worth more than the rock-bottom price that your neighbors' houses fetched. The bad news: No one but you might ...
Nashville, suburbs drive state population growth - Nashville TennesseanAfter 35 years in Louisiana, Melody and Terry Holton were ready for a change. Retirement was calling, and so were grandchildren. She’d grown weary of the New Orleans area’s weather and crime. They considered Murfreesboro and Winston-Salem, N.C ...
Nashville, its suburbs drive state's population growth - Nashville TennesseanAfter 35 years in Louisiana, Melody and Terry Holton were ready for a change. Retirement was calling, and so were grandchildren. She'd grown weary of the New Orleans area's weather and crime. They considered Murfreesboro and Winston-Salem, N.C ...
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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