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News about Mortgages:
LUCENT TECHNOLOGIES, INC. v. TOWNSHIP OF BERKELEY HEIGHTS - Leagle.comLUCENT TECHNOLOGIES, INC. v. TOWNSHIP OF BERKELEY HEIGHTSLeagle.comJUSTICE ALBIN filed a separate concurring opinion. JUSTICE RIVERAS-OTO filed a separate concurring opinion. JUSTICE HOENS delivered the opinion of the Court ...and more »
Public records for March 12, 2010 - Daytona Beach News-JournalPublic records for March 12, 2010Daytona Beach News-JournalAlbin J. Van Steenlandt, real property; PNC Bank NA v. Bradley S. Harrelson, real property; Fortis Capital LLC v. David Deluna, in excess of $15000; ...
EXECUTIVE ITEMS - Charleston Post CourierEXECUTIVE ITEMSCharleston Post CourierMike Albin has been promoted to president of Evening Post Publishing Co.'s Newspaper Group's Interactive Division, or EPI. The new division will oversee ...
NJ High Court Weighs Title Insurer's Liability for Attorney's Theft of Client ... - The National Law JournalNJ High Court Weighs Title Insurer's Liability for Attorney's Theft of Client ...The National Law JournalJustices Roberto Rivera-Soto and Barry Albin asked whether there is, and should be, an attempt by title companies to inform homebuyers directly that they ...and more »
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