Rensselaer Mortgage Rates and Information Online from competing Lenders

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Financial News
Hammered, then nailed, by debt - Times Union
A single woman in Schenectady with annual take-home pay of $20,450 lists $25,000 in debts, more than $20,700 of it charged on credit cards. A divorced Rensselaer County woman with three children and annual take-home pay of $26,500 owes $80,605. More ...

GOP PLOT TO TAP STATE STAFF FOR RE-ELEX BIDS - New York Post
AN EXPLOSIVE se cret memo shows that Senate Repub licans are plotting to use state-funded staff for political purposes in hopes of recapturing the Senate in two years. The Senate Research Project memo, sent just before Christmas by a top aide to ...

The ups and downs of 2008 - Bennington Banner
Like every year, the Bennington region was witness to an incredible array of news events in 2008. The following list highlights many of those stories: NSK Steering Systems America laid off 120 employees between October and December as the auto ...

February 2007 - Times Union Blogs
The Capitol. The seat of state government. Where influential politicians craft laws and crafty lobbyists peddle influence. Where hopeful citizens try to get their voices heard. Get a look behind the scenes at New York politics and statewide campaigns ...

Viewing all entries for: October 2008 - Economist.com
AND speaking of bad last-minute decisions: you're up, and you have more paths to victory than Paul Simon has breakup techniques . Kerry states plus IA-CO-NM? Safe. Kerry plus OH? Quite possible. Kerry plus VA + IA? Safe enough too. Want to run up the ...

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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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