Sale Creek Mortgage Refinance and Information Online from competing Lenders

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Employee robbed at Citgo on northwest side - Milwaukee Journal Sentinel
The man asked the victim for help with a stalled car, police said. Once the two were outside, the man implied that he had a handgun and robbed the victim. Police did not say how much money was taken. The suspect is described as a black male, 6 feet ...

Car fire on 94 at 121st - Milwaukee Journal Sentinel
Nov. 21, 2008 6:53 a.m. | A car fire is backing up the commute on westbound I-94 near 121st St. Here's the look from the DOT camera . The fire is causing major delays. The trip from downtown to Moorland Rd ., normally a ten minute drive, was taking ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

Jordan Creek parent lied, suing shareholder alleges - Des Moines Register
A stockholder in the parent company of Jordan Creek Town Center launched a federal class action lawsuit Friday alleging company officials defrauded shareholders by lying about their ability to refinance its massive debts. E.B. Gorham, an otherwise ...

General Growth Properties may seek bankruptcy protection - Dallas Business Journal
Analyst says Trans World ‘facing an uphill battle’ Four Seasons Town Centre could go up for sale Mall owner in liquidity crunch General Growth Properties may seek protection General Growth Properties , parent company and manager of major shopping ...

Coral Ridge owner warns of bankruptcy - Iowa City Press-Citizen
Shares of General Growth Properties Inc. fell more than 70 percent in trading Tuesday after the company warned late Monday that it might have to seek bankruptcy if it can't refinance a mountain of impending debt. The Chicago-based real estate ...

Bryan sues area power agency - Denton Record-Chronicle
An agency that provides power to Denton and three other Texas cities is facing a legal challenge over its plan to refinance millions of dollars in debt. The city of Bryan sued the Texas Municipal Power Agency and its other members, Denton, Greenville ...

Man pulled from car and robbed in Oak Creek - Milwaukee Journal Sentinel
Nov. 20, 2008 2:06 p.m. | The long campaign to get bike racks installed on Milwaukee buses is over. Racks for all 470 Milwaukee County Transit System buses should be installed by spring, Milwaukee County Transit System spokeswoman Jacqueline Janz ...

News briefs: County wants land for dredging project - Herald Tribune
BRADENTON -- Manatee County intends to ask a judge to decide what is a fair price for a strip of land that engineers say is needed for the Wares Creek dredging project. The county wants to acquire an easement from Bradenton Tropical Palms, a mobile ...

Big Wauwatosa property south of Burleigh for sale - Milwaukee Journal Sentinel
Nov. 7, 2008 | The site of a proposed major mixed-use development south of W. Burleigh St. and east of Highway 45 in Wauwatosa is on the sale block. Icon Development Corp. of Franklin is seeking $8.9 million for the 5.7-acre site, said broker Don ...

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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.

    View all Terms
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