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News about Mortgages:
TheStar.com | Business | 'Outrage' greets banks' failure to match rate ... - Toronto StarPatrick Novak says it is time for normally "apathetic" Canadians to speak out against a decision by the Big Six banks not to fully match a big interest rate cut by the Bank of Canada. The 32-year-old homeowner started a Facebook group called "Pass on ...
Ottawa looks to prop up auto leasing - Globe and MailOTTAWA and TORONTO — The federal government plans to unveil measures to boost consumer financing for car loans and leases in its upcoming budget, a move aimed at further propping up the battered auto industry. Finance Minister Jim Flaherty has ...
Barack Obama is Caribbean Business Report's Business personality of ... - Jamaica ObserverThe year 2008 will go down as one of the most challenging for global economics, and some are already calling it the Great Depression II. Closer to home, Jamaica was buffeted by rampant inflation, escalating oil prices, a widening trade imbalance, a ...
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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