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Russia car dealer selling stake to refinance loans - ReutersMOSCOW, Oct 20 (Reuters) - One of Russia's leading car dealers, Incom-Auto, will sell 30 percent of its share capital to raise money to refinance its debt as the credit crunch chokes off access to cash, its financial chief said on Monday. "This (sale ...
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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