Valley Cottage Mortgage Rates and Information Online from competing Lenders

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East metro town briefs - Minneapolis Star Tribune
Friends of Minnesota Barns, a nonprofit group dedicated to preserving historic barns and other farm buildings, recently announced the winners of its inaugural Barn of the Year contest. Honorees included Lee Leysen, of Tracy, Minn. who won the grand ...

New businesses - Providence Journal
BANAI ENTERPRISES LLC: A: Tawab Banai, 287 Armistice Blvd., Pawtucket 02861. Subway restaurant. October 24 Sayer, Regan, Thayer & Flanagan, LLP: P: Richard N. Sayer, 617 Paradise Ave., Middletown 02842. Law practice. Mastech, Inc.: P: Steven J ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. The absurdist drama “The Bailout,” now playing under the Capitol Rotunda, is perversely reassuring. It has reinforced my long-held belief ...

Business Bankruptcies - Minneapolis Star Tribune
This is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...

Home prices down in 90% of Bay Area ZIP codes - San Francisco Gate
Sunday, November 9, 2008 The analysis compared price per square foot paid for existing single-family homes during the three months ended Oct. 15 to the price paid in the same period last year. This metric was picked rather than median home prices ...

Safe as houses? - Globe and Mail
Chip Oatley from Assiniboia, Canada writes: The recession will not affect the whole country uniformly, just as the housing bubble burst will not affect everybody the same way. Yes, Vancouver will be hit hardest. But even there, Langley, Surrey ...

FOR THE RECORD - Register-Guard
Blumenstein — Lois Irene Blumenstein, 77, of Hood River, formerly of Eugene, died Nov. 17. The funeral will be at 11 a.m. Friday at the Church of Jesus Christ of Latter-day Saints, Hood River. Burial will be at Upper Valley Cemetery, Parkdale ...

i. ignatius from Mount Pleasant, Canada writes: heh, interesting. - Globe and Mail
Tim Cares from Toronto, Canada writes: kelly moss from winnipeg, Canada writes: people drive too much ( me too) - let the drivers pay and suffer a bit ... I don't have a problem with your sentiments, i just don't want the oil companies to get 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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