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News about Mortgages:
Area real estate transactions - Spartanburg Herald-JournalCraig M Fennell; to; Michael G Pelkey; $139,000; Lot, 0.45ac, 118 S Church St, Landrum Judy C Steele; to; Paul M & Darlene G Roy; $125,500; Lot 8, 1.0ac, 2487 S Blackstock Rd, Landrum; Shenandoah Subd A Manning Lynch Jr; to; Manning Lynch Inc; $18 ...
Latest News - dBusinessNews.comHigh Point Chamber Launches Holiday Plan High Point, NC — The Board of Directors of the ... CITI FOUNDATION AND JUNIOR ACHIEVEMENT OF CENTRAL NORTH CAROLINA DELIVER JA BANKS IN ACTION TO LOCAL STUDENTS Greensboro – Junior Achievement of Central ...
InstaLetters for November 1 - Asheville Citizen-TimesThe invisible (to North Carolina) Elizabeth Dole has implied that Kay Hagan doesn't believe in God (because some of the money at a fund raiser came from an atheist group). That is a shameful, despicable attack on Kay Hagan's character. It ...
Woodstock still the longshot - 333-1 to be exact - Atlanta Journal ConstitutionFor Class AAAAA, it’s a minimum of 6,000 for the SF. But this year, schools may use portable seating to get to 6,000. Before, it was permanent seating. So I think Newnan can get to 6,000 with portable seating. If not, Newnan can move the game to a ...
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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