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News and Resources

  • 08/18/2010
    -Mortgage Network Expands Across Mid-Atlantic Region Read More
  • 07/22/2010
    -John Holian Joins Northeast Association of Retarded Citizens Board for Second Term Read More
  • 07/22/2010
    -Mortgage Network Hosts Charity Golf Tournament & Casino Night to Benefit Friends Of Ari Shumbres Read More
  • 07/01/2010
    -Mortgage Rates Again Hit New Low Read More
  • 07/01/2010
    -Mortgage Loan Rates Fall to New Low Read More

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“I’ve had the pleasure to work with Kirk Todd as my mortgage lender for close to two decades. He has financed a number of properties for me and my wife and even for my step-daughter when she and her family relocated back to Maine from the west. I’ve always found Kirk Todd to be the ultimate professional; timely; accurate; ethical; personable; and a creative problem-solver. He also has provided consultation on general real estate matters. I highly recommend him if you need a top-notch, total-services mortgage broker.”

–H.N. | Customer

Glossary

We’ve put together an extensive glossary of terms used in the mortgage lending business. If you’re not sure what a particular term means, click to find the definition in our glossary.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

J

Joint Tenancy
A form of co-ownership that gives each tenant equal undivided interest and rights in the property, including the right of survivorship. Contrast with tenancy in common, tenancy by the entirety.
Judgment
A decree by a court of law that one person, a debtor, is indebted to another, a creditor, in a specified amount. The court may place a lien against the debtor's real property as collateral for payment of the judgment to the creditor.
Judgment Lien
A lien on the property of a debtor resulting from a judgment.
Judicial Foreclosure
A type of foreclosure proceeding used in some states that is handled as a civil lawsuit where the court confirms the sales price for the property and the distribution of the sale proceeds.
Jumbo Loan
A loan that exceeds Fannie Mae's legislated mortgage amount limits of $417,000 (2006). Also called a nonconforming loan.
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