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RAGBRAI, no ethanol plant, caucuses among top stories - Ogden ReporterRAGBRAI, no ethanol plant, caucuses among top storiesOgden Reporter, IA - 23 hours ago(A tie): PILOT MOUND METHODIST CHURCH members burned the mortgage and dedicated their new church. Their previous facility was destroyed by fire 10 years ago ...
Great Wolf Resorts, Inc. Provides Update on Status of Extension of ... - FOXBusinessGreat Wolf Resorts, Inc. Provides Update on Status of Extension of ...FOXBusiness - Dec 29, 2008... City, Mich.; Kansas City, Kan.; Williamsburg, Va.; the Pocono Mountains, Pa.; Niagara Falls, Ontario; Mason, Ohio; Grapevine, Texas; and Grand Mound, ...
Oakdale passes 2009 budget with 1.9 percent increase - Oakdalel Lake Elmo ReviewOakdale passes 2009 budget with 1.9 percent increaseOakdalel Lake Elmo Review, MN - Dec 17, 2008Oakdale's tax rate is higher than Woodbury, 30.403 percent, and Roseville, 28.607, but lower than Stillwater, Hugo, Maplewood, Mounds View and New Brighton. ...
Residential foreclosures keep rising - Denton Record ChronicleResidential foreclosures keep risingDenton Record Chronicle, TX - Dec 18, 2008The mortgage finance companies announced in late November plans to suspend foreclosures for about 16000 households during the holiday season, according to ...
Demolitions making way for Grand Terrace center - Press-EnterpriseDemolitions making way for Grand Terrace centerPress-Enterprise, CA - Dec 31, 2008By JULIE FARREN Mounds of dirt piled up Wednesday where a mortgage company, ice cream shop and remote control racetrack once stood at the northwest corner ...
All this and Cracker Jack, too - TheDayAll this and Cracker Jack, tooTheDay, CT - Dec 14, 2008The indoor batting cages and pitching mounds in the adjunct practice facility (I'm told it's beautiful, I've never seen it from the inside), ...
PROPERTY TRANSFERS - Clarksville Leaf ChroniclePROPERTY TRANSFERSClarksville Leaf Chronicle, TN - Dec 14, 2008Richard P. Meserve and Carol J. (Meserve) Glanton to Daniel Hennington; 4379 Kirkland Road, Indian Mound; $30000. Billy R. Guthrie and Claudia Guthrie to ...
A Sampling of Advisory Opinion. - Barron'sA Sampling of Advisory Opinion.Barron's - Dec 14, 2008If only they could get to them, [for example] the Ferdows, Mound, and Zageh fields in the Persian Gulf, off the coast of southern Iran. ...
Lee County Commission meeting blog: 38 homeowners to benefit from ... - Naples Daily NewsLee County Commission meeting blog: 38 homeowners to benefit from ...Naples Daily News, FL - Dec 16, 2008The list approved Tuesday included $726405 for improvements to the historic Mound House at Fort Myers Beach and $510000 for restroom improvements. ...
Last-minute Shoppers Can't Save Dismal Christmas - MyFox RaleighLast-minute Shoppers Can't Save Dismal ChristmasMyFox Raleigh, NC - Dec 24, 2008With mounds of inventory still left to sell, merchants are expected to deepen the discounts even more the day after Christmas. But if 75 percent off before ...
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.
View all Terms