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Beware the perils of some real estate options - Milwaukee Journal SentinelBeware the perils of some real estate optionsMilwaukee Journal Sentinel, WI - Aug 25, 2008By DOLORES HERBSTREITH When the real estate market goes into a slump, as it has now, several supposedly innovative plans are promoted. ...
Return banks to pre-computer protocol - Arizona RepublicReturn banks to pre-computer protocolArizona Republic, AZ - Jul 27, 2008In the pre-computer days of 1951, when we applied for a house mortgage, banks guarded their assets and were leery of taking chances. ...
Juárez violence boosts quests for El Paso homes - El Paso TimesJuárez violence boosts quests for El Paso homesEl Paso Times, TX - Aug 23, 2008"Clients from Mexico have increased mainly due to the crime taking place in Mexico," said Dolores Guevara, broker-owner of DG Realty in El Paso. ...
Housing ambition - Fort Wayne Journal GazetteHousing ambitionFort Wayne Journal Gazette, IN - Aug 24, 2008When Dolores Rife saw a series of ranch homes springing up next to cornfields just south of Wabash, she wished she could live in one. “I saw it out here, ...
Property transfers - Daily Mail - CharlestonProperty transfersDaily Mail - Charleston, WV - Aug 25, 2008Dolores Carlson to Michael K. Woodford. Lot, Union District, $124900. - AB Contracting Inc. to Jonathan D. and Shana R. Hensley. Lot, Hurricane District ...
Celebrations - NewsdayCelebrationsNewsday, NY - Aug 24, 2008The groom is a health administrator for Fresenius Medical Services in Manhattan and is the son of Brian and Dolores Brandenburg of Staten Island. ...
Duluth property transactions - Duluth News TribuneDuluth property transactionsDuluth News Tribune, MN - Aug 24, 20084325 Cooke St., Nicholas T. and Christian Cameron purchased from Leo J. and Dolores M. Kennedy for $132000, residential, 7/08. ...
Parking lot OK'd; city won't exempt self from state law - Topeka Capital JournalParking lot OK'd; city won't exempt self from state lawTopeka Capital Journal, KS - Aug 26, 2008The city council voted 5-3 — with Blackburn again abstaining — to subordinate the city's secondary mortgage on the College Hill project to another loan from ...
Helping Hands - Center For American ProgressCenter For American ProgressHelping HandsCenter For American Progress, DC - Jul 24, 2008Dolores Sharrock, owner of a two-family house in danger of foreclosure in Queens, speaks to an ACORN representative at a housing crisis workshop in a Queens ...
Economic Malaise Threatens To Undermine European Unity - Washington PostEconomic Malaise Threatens To Undermine European UnityWashington Post, United States - Aug 12, 2008By Anthony Faiola MADRID -- The fruits of Spain's economic transformation found their way to Maria Dolores Barroso's cafe. Fueled in large part by a massive ...

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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.
View all Terms |