joint
tenancy
A form of co-ownership that gives each tenant equal interest and equal rights in the
property, including the right of survivorship. judgment
A decision made by a court of law. In judgments that require the repayment of a debt, the
court may place a lien against the debtor's real property as collateral for the judgment's
creditor.
judgment lien
A lien on the property of a debtor resulting from the decree of a court.
jumbo loan
A loan that exceeds Fannie Mae’s legislated mortgage amount limits. Also called a
nonconforming loan. |
Equal Housing Lender. © 2007 Abela Group Home Loans, L.L.C. Trade/service marks are the property of Abela Group Home Loans L.L.C., and/or its
subsidiaries. *Loan Approval is subject to satisfactory appraisal and title review and no change in financial condition. If the rate is
not locked or rate protection expires, any rate increase may lower the loan amount for which the borrower has pre-qualified. **Interest Rates
are subject to change without notice. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly
payments and the total amount paid when comparing to your current situation.