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RBA cuts rates again - Sydney Morning HeraldDecember 2 | Herald economics editor Ross Gittins on the Reserve Bank's latest cut in official interest rates, and advises mortgage holders and investors the best course of action to take. Ross Gittins: mortgage advice Iconic album cover art Bangkok ...
Mortgage rates pull in borrowers - Raleigh News & ObserverFed's pledge to buy up debt is 'wonderful gift' for Triangle lenders Many Triangle mortgage lenders were busier in the past two days than they've been in months. The flurry of activity was brought on by the 30-year fixed mortgage rate dropping to 5 ...
Andrew S. Ross - San Francisco GateAirlines are slashing prices on some flights, hoping to lure some travelers this holiday season and into the new year. But like all things with airlines, the situation is changing rapidly. For instance, the clock is... Humbled and fighting for ...
Pocono Wednesday: Relief for Ross taxpayers but not Stroud; trials for ... - Pocono RecordRoss Township saved for a rainy day, but Stroud did not. In respect for residents feeling the pinch of the economy, Ross supervisors decided not to collect real estate taxes next year. See for yourself: Here's the budget. Stroud Township residents ...
SBS reacts swiftly to OCR reduction - ScoopNew Zealand’s newest bank SBS Bank has responded swiftly to today’s cut in the Official Cash Rate (OCR) by announcing a substantial 195 basis point drop of its floating home loan rates. The drop brings SBS Bank’s floating mortgage rate to just ...
Surf's up for Islamic art - Sydney Morning HeraldNovember 25 | What do you get when surfboards covered in Arabic motifs and Burqinis hit Australian beaches?, hopefully a greater appreciation of the two cultures, say their creators. Phillip George, the artist behind the surfboards was inspired by ...
Banks pass on interest rate cut - ONE NewsBanks are already moving to cut interest rates following Thursday's drop in the Official Cash Rate by 1.5% to 5%. Invercargill-based SBS Bank was the first bank to announce a mortgage rate reduction in reaction to the Reserve Bank's latest cash rate ...
Lower mortgage rates all-round after OCR drops - New Zealand HeraldAll banks drop interest rates after OCR move Comment: what today's interest rate cut might mean for Xmas retail OCR reaction: What they're saying Full text of Reserve Bank announcement Next cut may be deepest for OCR - December 01 Australia's central ...
Banks cut rates - StuffLATEST: The ASB Bank has been fast out of the blocks in the wake of the cut to the Official Cash Rate, cutting its floating home loan rate to 7.95 percent from 8.70 percent and has now been joined by SBS. The ASB said it was taking the opportunity to ...
INSTANT VIEW 4-UK mortgage approvals match series low in Oct - FXStreet.comLONDON, Dec 1 (Reuters) - British mortgage approvals for house purchase fell in October to match August's reading of 32,000, the lowest since the series began almost a decade ago, the Bank of England said on Monday. Mortgage lending was also much ...
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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