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Fyi: Business - Tulsa WorldThe number of drilling units actively exploring for oil or gas in Oklahoma held steady at 159 this week, Baker Hughes Inc. reported Friday. The net rig count is 19 percent below the year-ago level, which was 197. Meanwhile, the nationwide number of ...
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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.
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