A long-term loan a lender makes for the purchase of a home. …
Construction Loan
A short-term loan for home or building construction. The lender disburses the funds in stages. …
Conversion
The exchange of personal or real property of one character for another. …
Construction-to-permanent Loan
A construction loan that is converted to a longer-term traditional mortgage after construction has been completed. …
Convertible Adjustable-rate Mortgage
A mortgage which starts as an adjustable rate loan, but allows the borrower to convert the loan to a fixed-rate mortgage during a specified period of time. …
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Consumer Credit Counseling Service (CCCS)
A 'Consumer Credit Counseling Service' (CCCS) is an organization that offers assistance to consumers in managing and reducing their debt. These services often include financial education, budgeting …
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