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Hamburg School Board will try to refinance debt - Reading Eagle
The Hamburg School Board has agreed to try to refinance a $23 million variable-rate debt that is costing the district much more than planned. Because the interest rate has climbed, debt service on the loan's bond issue is expected to cost the ...

Cops: Man Throws 4 Kids Off Bridge - FOX News
Lam Luong, 37, of Irvington confessed Tuesday night to driving to the Dauphin Island bridge, stopping and tossing the youngsters off the span, which is as high as 80 feet above the water in places, Detective Scott Riva said. Hannah Luong, 2, was ...

Credit crisis hits Harrisburg incinerator - Times-Leader
HARRISBURG — City officials may have to order another round of steep trash fee increases on property owners, because the worldwide credit crunch has stymied a plan to refinance some of the debt tied to the city’s incinerator. Mayor Stephen R ...

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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
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