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Manga workshop today in Bridgeton - Vineland Daily JournalManga workshop today in BridgetonVineland Daily Journal, NJ - Sep 20, 2008... 110 Cohansey St., Bridgeton. Classes are designed to help potential home buyers understand budgeting and credit, mortgage and financing, shopping for a ...
Real estate transactions for Oct. 5, 2008 - Press of Atlantic CityReal estate transactions for Oct. 5, 2008Press of Atlantic City, NJ - Oct 5, 2008$40000 392 N Laurel St, City of Bridgeton to Rarey, Eugene; 7/1/2008. $15000 375 N Laurel St, Castaneda, Julio to Vaquero, Irene; 7/2/2008. ...
Census supports feeling New Jersey 'cost of living is out of control' - Press of Atlantic CityCensus supports feeling New Jersey 'cost of living is out of control'Press of Atlantic City, NJ - Sep 23, 2008Corretta Stringfield, a financial counselor with Tri-County Community Action Partnership, a Bridgeton agency that assists homeowners, said her clients often ...
Renters' market on rise - Press of Atlantic CityPress of Atlantic CityRenters' market on risePress of Atlantic City, NJ - Sep 21, 2008Jim Rixey, of Rixey Real Estate Agency in Cape May Court House, said he is seeing no such trend; neither is Bridgeton Realtor Bob Thompson, ...
Real estate transactions - Tampabay.comReal estate transactionsTampabay.com, FL - Sep 18, 20089860 Bridgeton Dr., to Bryan C. Wong by Robert E. & Maria L. Manz, $192000, 07/31/2008. 612 Blue Gill Court, to Marlene Perez by Freya Vogelsang, Trustee, ...
Community News Briefs - The Bridgeton News - NJ.comCommunity News BriefsThe Bridgeton News - NJ.com, NJ - Sep 14, 2008... 110 Cohansey St., Bridgeton. Classes are designed to help potential home buyers understand budgeting and credit, mortgage and financing, shopping for a ...
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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