CCU Secure Messaging

A prepayment penalty is a charge a borrower may be required to pay during the early years of a mortgage if he or she pays it in full or pays large sums to r...

Priority is the status of being prior or having precedence over other liens. Priority indicates that a lien is entitled to be paid before another lien or li...

A document that evidences a lien on property as security for payment of a debt.  Security deeds vary from state to state.

The collateral given, deposited, or pledged to secure the fulfillment of an obligation or the payment of a debt.

A law that limits the length of time within which a lawsuit must be filed after which the right to sue is lost.

A payment schedule where payments will not vary each month. The payment is based on the balance, interest rate and payoff period. The payment is set at the ...

A lien that is "junior" or secondary to a lien of another party.

A type of lien placed against property for due and unpaid taxes.

The person conveying an interest in real property in a deed of trust.

An interest rate which may increase during the term of the loan or length of the plan.  Typically, the rate is tied to an index outside the control of the c...