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News about Mortgages:
Housing report finds many new buyers entering the market, even in Solano - TheReporter.comHousing report finds many new buyers entering the market, even in SolanoTheReporter.comThe story is much the same in Solano County, says Jim Porter of Solano Mortgage. "The dominant part of our business right now in Vacaville, Fairfield and ...
Silicon Valley, Peninsula house prices, sales rise in February - San Jose Mercury NewsSilicon Valley, Peninsula house prices, sales rise in FebruarySan Jose Mercury NewsReed said along with help from his parents, he is prepared to pay cash for his first home and then get a mortgage on it later — but even with cash, ...and more »
State Senate approves Sen. Wolk's tax-conformity legislation - TheReporter.comState Senate approves Sen. Wolk's tax-conformity legislationTheReporter.comLois Wolk, D-Solano, to protect homeowners embroiled in the mortgage crisis from onerous tax burdens. Senate Bill 32 (8X), which also removes barriers to ...In party-line vote, Senate passes Wolk howeowner aid measureDaily Democratall 3 news articles »
Strategic defaults on homes on the rise - San Francisco ChronicleStrategic defaults on homes on the riseSan Francisco ChronicleIn the Bay Area, First American shows the Vallejo-Fairfield metropolitan market (essentially Solano County) with 61 percent of mortgage holders underwater. ...and more »
Chicago nursing home wants nonprofit to take over - The Associated PressChicago nursing home wants nonprofit to take overThe Associated PressDepartment spokeswoman Stacey Solano said an additional 50 IMD beds are located 20 to 40 miles from Somerset. Monday's statement from Somerset Place was the ...and more »
Foreclosures Decrease Both Budgets and Property Taxes in Cities - CNM News NetworkCNM News NetworkForeclosures Decrease Both Budgets and Property Taxes in CitiesCNM News NetworkFor instance, in Solano County California, home prices dropped 19%, meaning that the city has 19% less funding to work with, and therefore the government ...Loss of property taxes costlyTheReporter.comall 3 news articles »
Umpqua to open loan, investment office in Santa Rosa - North Bay Business JournalUmpqua to open loan, investment office in Santa RosaNorth Bay Business Journal“I will be hiring six or seven people for the Santa Rosa office and another six or seven people for Napa and Solano,” Mr. Blankenbaker said. ...and more »
Vital Signs - Wall Street JournalVital SignsWall Street JournalSanta Clara County saw the most, with 2378 sales of such homes, while Solano County had the fewest, with 20. Reluctant buyers and a tight mortgage market ...
Federal funds in the pipeline to help struggling homeowners in Solano County - Contra Costa TimesFederal funds in the pipeline to help struggling homeowners in Solano CountyContra Costa TimesHomeowners need not have gotten their original mortgage from the California Housing Finance Agency to qualify, it notes. Local mortgage broker Mitchell ...and more »
Volusia County public records for March 9, 2010 - Daytona Beach News-JournalVolusia County public records for March 9, 2010Daytona Beach News-JournalJamie P. Jones, real property; SunTrust Mortgage Inc. v. Laurie Forand, real property; Chase Home Finance LLC v. Margaret Caneda, real property; ...and more »

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Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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