Warrington Mortgage Rates and Information Online from competing Lenders
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Meet Britain's biggest gigaholic - BBC NewsAfter more than 5,000 gigs over 35 years, rock fan Ray Morrissey can claim to be Britain's most prolific concert-goer. On piles of notebook pages in Mr Morrissey's front room, thousands of gigs are listed, one per line, all with a mark out of 10 ...
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Banks buckle under pressure from Alistair Darling - Times OnlineThe banks caved in to government pressure to reduce mortgage costs yesterday, but immediately sounded warnings that they would refuse to pass on any further interest rate cuts. A host of lenders cut mortgages after bank executives were told by ...
Only drastic action now will save us, says Gordon Brown - Times OnlineBritain would face an even more severe recession without the multi-billion-pound tax cut and spending package that will be unveiled on Monday, Gordon Brown said yesterday. In a dramatic attempt to raise the political stakes before the most important ...
Pound rebounds despite Osborne's warning - Times OnlineSterling rose against the dollar in early trading today, despite forecasts by George Osborne, the Shadow Chancellor, that higher government borrowing could lead to a run on the currency. The pound recovered to $1.5007 by Monday afternoon, after ...
Property's current winners and losers - This is MoneyWith house prices falling and the mortgage market showing only the faintest glimmer of a revival, times are hard for many property-related franchises. Figures released last month by Nationwide Building Society showed that prices were nearly 15% down ...
RBS shares close under £1 on bailout fears - Times OnlineShares in Royal Bank of Scotland (RBS) plunged by almost 40 per cent today to less than £1 on fears that a £50 billion bailout of high street banks would result in a partial nationalisation of several household names. RBS stock fell to a record low ...
As it happened: Pre-Budget report - BBC News1825 On that note, it is time to end our live text coverage of what looks to be a momentous day for the UK, both politically and economically. Please join us again for prime minister's questions on Wednesday, when Gordon Brown and David Cameron look ...
A very sorry banker - bbcIt's very rare indeed for a bastion of Britain's corporate establishment to say sorry about anything - let alone say it in a public meeting. So Sir Tom Mckillop's big sorry to shareholders, customers and employees is a proper event. Royal Bank has ...
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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