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Business Right Now - KVOA.comBusiness Right NowKVOA.com, AZ - Jan 6, 2009Among the items QVC has been selling since the election are a Barack Obama stamp collection, with stamps from Liberia, Sierra Leone, Grenada, ...
Business briefs - Jackson Clarion LedgerBusiness briefsJackson Clarion Ledger, MS - Dec 24, 2008A newsprint mill in Grenada will shut down for the month of January. The Grenada facility employs at least 200, officials say, working in four shifts. ...
Latin America not to be immune to financial crisis, but to somehow ... - XinhuaLatin America not to be immune to financial crisis, but to somehow ...Xinhua, China - Dec 12, 2008As the mid-2007 subprime mortgage debacle in the United State has developed into a global financial turmoil, the worst since theGreat Depression, ...
Happy New Year!: The first "iNews Round-up" of 2009 :) - iNews880.comHappy New Year!: The first "iNews Round-up" of 2009 :)iNews880.com, Canada - Jan 1, 2009The flight originated in Grenada, made a stop in Barbados and was due to arrive in Toronto Tuesday night with 202 passengers. (The Canadian Press, ccg) A ...

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Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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