Jones Mortgage Refinance and Information Online from competing Lenders

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Mortgage refinancing skyrockets - Cincinnati.com
With U.S. mortgage rates the lowest in 30 years, local lenders say they've seen a strong surge in loan applications as homeowners seek to refinance their mortgages in Greater Cincinnati and Northern Kentucky. From the largest commercial banks to ...

Should you refinance? - Wichita Eagle
As the new year starts off with an uncertain economy, homeowners are shearing their mortgage payments by taking advantage of lower interest rates. With 15-year fixed-rate mortgage rates down to 5 percent at many lenders in the Wichita area, banks are ...

Should you refinance?: Homeowners shop around for deals on their ... - TradingMarkets.com
Freddie Mac reported Wednesday that interest rates for 30-year fixed-rate mortgages fell for the ninth straight week to an average 5.10 percent with 0.7 point, the lowest it's been since the mortgage company started its Primary Mortgage Market Survey ...

Irish National Debt Widens To EUR50 Bln At End-2008 - NTMA - FXStreet.com
DUBLIN (Dow Jones)--Ireland's national debt hit EUR50 billion at the end of 2008, EUR13 billion wider on the same time a year earlier, the Irish National Treasury Management Agency said Wednesday. This is the equivalent of around 32% gross national ...

General Assembly to tackle foreclosure problem - Star-Press
With the consequences of home foreclosures rippling across Indiana, state lawmakers will begin hearings this week in hopes of finding a way to ease the pain of Hoosiers struggling to hold on to their homes. Their options include extending the time ...

Economists offer guidance to Utahns for '09 - Salt Lake Tribune
Probably not quickly enough to suit most folks. In Utah, in 2009, "We're still going to have more layoffs and more home price depreciation," said Mark Knold, chief economist with the Utah Department of Workforce Services. Much of his prediction stems ...

Markets rally on jobless news - The Washington Times
Wall Street rallied on the final day of one of the worst years in its history Wednesday, spurred by news of lower-than-expected first-time jobless claims. The Dow Jones Industrial Average leaped 102.59 points, or 1.18 percent, to 8770.90. The tech ...

IN BRIEF - Biloxi Sun Herald
Wall Street has had a merciful end to a dreadful year as stocks closed the last session of 2008 with a moderate advance. The Dow Jones industrials are up 109 points at 8,778, but have plunged nearly 34 percent over the course of the year. Investors ...

Today's topics - USA Today Blogs
A weekly series explores the issues of faith that are shaping our world. To report corrections and clarifications, contact Reader Editor Brent Jones at 1 800 872 7073 or e-mail accuracy@ usatoday.com . Please indicate whether you're responding to ...

Staples reduces credit agreement by $250 million - Reuters
CHICAGO, Dec 30 (Reuters) - Staples Inc ( SPLS.O ), the world's largest office supplies retailer, has reduced a $3 billion line of credit by $250 million due to its strong cash position and an interest in refinancing the debt. Staples' statement on ...

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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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