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News about Mortgages:
Shaheen faces new landscape - Concord MonitorOn the weekend before the 2002 election, President Bush came to the state to rally support for John Sununu in his Senate race over Democrat Jeanne Shaheen. This weekend, before the 2008 election, Bush is nowhere to be found, but his name has cropped ...
Sununu puts emphasis on independence - Concord MonitorMaking the case for his re-election, Sen. John Sununu bills himself as an independent voice willing to tackle tough issues, saying that in his six years in the Senate, he's fought to protect civil liberties, worked to reform entitlement programs and ...
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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