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News about Mortgages:
Mortgage 2000 extends C&G offer - Mortgage SolutionsMortgage 2000 extends C&G offerMortgage Solutions, UK - Oct 7, 2008Mortgage 2000 claims it is paying the highest proc fees available in the open market on all C&G mortgage products. Nikki Haworth, head of Mortgage 2000, ...M2000 extends C&G proc fee offer Mortgage StrategyC&G urges brokers not to call Mortgage Solutionsall 4 news articles
Q&A: ASK THE EXPERTHold tight; market will turn around and rise - Kalamazoo Gazette - MLive.comQ&A: ASK THE EXPERTHold tight; market will turn around and riseKalamazoo Gazette - MLive.com, MI - Oct 10, 2008So my advice to Kathy is that she should continue to make her mortgage payments, rather than sell her investments to pay off her mortgage. ...
Bailout bill passes in the Senate. - WKZO NewsBailout bill passes in the Senate.WKZO News, Michigan - Oct 2, 2008Dr. David Shields with the Haworth College of Business at WMU says part of the solution isn't the plan itself, but just to have a plan at all. ...
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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