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Obama building grassroots support for health reform - ReutersObama building grassroots support for health reformReuters - Jan 7, 2009Hunter, who told her story to a community healthcare discussion in Costa Mesa, California, is one of millions of Americans looking for President-elect ...
Tucson region bankruptcies up 57% - Tucson CitizenTucson region bankruptcies up 57%Tucson Citizen, AZ - Jan 7, 2009"People are finding they don't have access to credit like the used to," said Ericka Young of Tailor-Made Budgets in Mesa. "They don't have a plan and don't ...
Developer linked to Orchard Mesa project may take case to trial - Grand Junction Free PressDeveloper linked to Orchard Mesa project may take case to trialGrand Junction Free Press, CO - 13 hours agoThis fall, Strodtman was extradited back to Colorado after staying in Mexico since his grand jury indictment for mortgage fraud in March. ...
Vibrant to Vacant: Foreclosures drain community - East Valley TribuneEast Valley TribuneVibrant to Vacant: Foreclosures drain communityEast Valley Tribune, AZ - 21 hours agoScottsdale, Tempe, Mesa, Chandler and many other communities had already priced them out. Talking with a customer at the salon where she works, ...
Our View: Private efforts ease pain of housing crisis - East Valley TribuneOur View: Private efforts ease pain of housing crisisEast Valley Tribune, AZ - Jan 6, 2009A task force was created by Mesa, Gilbert, Chandler, Queen Creek and other cities to address what has become a real crisis in Arizona. ...
Economy stalls Waveyard project, but developers optimistic - Arizona RepublicEconomy stalls Waveyard project, but developers optimisticArizona Republic, AZ - Jan 3, 20094, 2009 12:00 AM Thirteen months ago, Mesa voters gave overwhelming approval to the idea of selling Riverview Golf Course and four nearby ball fields to a ...
$31M Recapitalizes 500000-SF Industrial Property - GlobeSt. com$31M Recapitalizes 500000-SF Industrial PropertyGlobeSt. com, NY - Dec 24, 2008Jeff Friedman, Co-CEO of Mesa West, tells GlobeSt.com that the $25.6 million mortgage that Mesa West provided is a three-year, interest-only loan at Libor ...Mesa West Maps Out Big Lending Year Real Estate Finance and Investmentall 2 news articles
Podcast Transcript -- Creating Wealth #18 - The Great Inflation Payoff - NewsReleaseWire.com (press release)Podcast Transcript -- Creating Wealth #18 - The Great Inflation PayoffNewsReleaseWire.com (press release) - 22 hours agoCosta Mesa, CALIF. (January 7, 2009)—Announcer: Welcome to Creating Wealth with Jason Hartman, President of Platinum Properties Investor Network in Newport ...
Garrett DeFrenza Stiepel Partner Donald Hickman Retires; Successor ... - PR Newswire (press release)Garrett DeFrenza Stiepel Partner Donald Hickman Retires; Successor ...PR Newswire (press release), NY - Jan 6, 2009COSTA MESA, Calif. , Jan. 6 /PRNewswire/ -- Garrett DeFrenza Stiepel LLP, a top real estate and business law firm, today announces the retirement of Partner ...
After the Fall - CounterPunchAfter the FallCounterPunch, CA - Jan 6, 2009"We believe there is much we can do as a community to clean up our act”, proclaimed Hispanic business leaders in June 1998 under the umbrella of Mesa ...
Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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