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News about Mortgages:
Flagler County public records for March 10, 2010 - Daytona Beach News-JournalFlagler County public records for March 10, 2010Daytona Beach News-JournalDavid Hostetter, real property; BAC Home Loans Servicing LP v. Olga Kevlishvili, real property; Bank of America NA v. Michael T. Paytas, real property; ...and more »
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Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
View all Terms