Saturday, March 18, 2006
J - L Jumbo Loan - Loan-to-Value Ratio
Jumbo Loan
a loan which is larger (more than $214,600 as of 1/1/97) than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.
Lien
A claim upon a piece of property for the payment or satisfaction of a debt or obligation.
Loan-to-Value Ratio
The relationship between the amount of the mortgage loan and the appraised value of the property expressed as a percentage.
a loan which is larger (more than $214,600 as of 1/1/97) than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.
Lien
A claim upon a piece of property for the payment or satisfaction of a debt or obligation.
Loan-to-Value Ratio
The relationship between the amount of the mortgage loan and the appraised value of the property expressed as a percentage.
Comments:
<< Home
Your blog is a typical blog with a lot of different people sharing useful info. I can contribute to this by telling all of the home owners about http:\\thehomemortgageguide.com. I got my real estate refinanced at a low interest rate thanks to Mortgage quotes. At first I was just looking for info (which was free on http:\\thehomemortgageguide.com) and before I knew it I had a low interest mortgage which helped build an even stronger credit history because I was able to consolidate all of my bills and debts into my mortgage. Thanks to http:\\thehomemortgageguide.com I have one low payment a month (my mortgage) and no other payments to worry about. If you own a home, you need to check out http:\\thehomemortgageguide.com to make sure you are in the right place financially.
Blog is cool, but can you believe I got my credit checked for free? I have bad credit due to a lot of debt and bills, so I'm glad I got this info for free from http:\\www.customortgage.net. I was looking for a home mortgage refinance with a lower interest rate mortgage and I found Mortgage refinance. They helped me a lot.
Post a Comment
<< Home
