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News about Mortgages:
Developers look to build affordable housing - South Florida Business JournalHillsborough uses mortgage credits to boost home buying Broward Commission approves $98M in affordable housing bonds $33.8M of affordable housing breaks ground Broward County commissioners on Tuesday authorized the issuance of close to $98 million in ...
Property transfers for Nov. 14 - Herald News12 Colonial Way, for $392,500, from Charles R. Pires to Danielle Silva. 8 Driftwood Lane, for $250,000, from Jeffrey Ronald Lessa to David C. Gabriel. 32 Emerald Drive, for $265,000, from Alfred Stpierre to Christine Arroja. 10 Flagship Drive, for ...
Man rode Ike surge 14 miles, lived - Beaumont EnterpriseHurricane Ike's storm surge carried Mike Anderson 14 miles across East Bay from a Gilchrist beach house. Somehow, he survived. Now Anderson, 49, and his wife, Dawn, are looking for another miracle - getting their insurance payout so they can move on ...
'You fear death, mister journalist. Why?' - Guardian UnlimitedA few weeks before my father died, he gave me a photograph of him as a young man on his skis in an Austrian resort, framed by a bank of spring snow. After his death, I kept this picture by my bed, as I believe he intended. He had already made plans ...
Big Girls Gather at AmazonCon - Miami New Times"The pillars of Wall Street and corporate America are not giving money to Obama because he is a nice guy; he's a player." A few blocks south of the bridge, Lucy Collins closes the windows in her 2/2 condominium apartment, despite the sea breeze. "I ...
4 vie to become Monroe County sheriff - Florida Keys NewsThat national rhetoric applies in the race for Monroe County sheriff between the top two contenders: Democratic candidate Bob Peryam and retired federal agent Ken Davis on the Republican ticket. Both bring years of law enforcement experience to the ...
Jeff Lytle: Where should we draw the line on letters? You tell us - Naples Daily NewsWe have heard appreciation for running so many through Election Day. We heard anger from backers — not just detractors — of Barack Obama. They wondered why, if we really endorsed him, and we did, would we allow so much opposition to him to be ...
Items pertaining to Kingfield neighborhood - Southwest JournalPARK THEFTS: Jerry Peterson, Armatage Park director, noted that there has been an increase in thefts from cars in the parking lot at Armatage Park. Incidences have occurred mostly from 2–4 p.m. when parents are picking their kids up from school ...
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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