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News about Mortgages:
Abu Dhabi launches dedicated mortgage company - Gulf NewsWhile Dubai’s mortgage market is consolidating around a merger involving the duopoly of Amlak and Tamweel, Abu Dhabi has gone ahead and launched its own mortgage company. The launch of Abu Dhabi Finance confirms what has long been rumoured to be an ...
ETA Star will continue with ongoing projects - Business24-7Dubai-based ETA Star Properties will continue work on its existing projects in the emirate, but will not launch any new ones until the second or third quarter of 2009, when it hopes for an improvement in the realty market. With Dh13 billion worth of ...
Eddie’s words no transport of delight... - Evening Standard* Stobart Group, famed for its Eddie Stobart green lorries with girls' names, is clearly delighted to have bought Southend Airport for £21 million, but that is no excuse for this nonsense from chief executive Andrew Tinkler: “Acquisition of ...
When the real-estate market is down, the rental market picks up - Asbury Park PressMay Abdelkader and a friend looked at several apartments before they chose to sign a lease at Pier Village, the apartment and retail complex along the ocean in Long Branch. "We looked at smaller apartments. We looked at cheaper apartments," said ...
Lawrence Dallaglio won't be outflanked on money - Daily TelegraphBoth my mum, Eileen, and dad, Vincenzo, had a really strong work ethic. My parents did whatever they could to provide for us. We were also taught the value of money and if you wanted to earn it, you had to go out and work for it. When my sister and I ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...
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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