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News about Mortgages:
Fitch adjusts the way it assesses mortgage risk - Irish TimesFitch adjusts the way it assesses mortgage riskIrish TimesMinister for Health Mary Harney has made two new appointments to VHI Healthcare's board. Management consultant Seamus Creedon, and Rigney Dolphin group ...and more »
Mortgage write-downs come with tax issues - Seattle TimesMortgage write-downs come with tax issuesSeattle TimesWASHINGTON — With the Obama administration and private lenders now actively considering mortgage principal-reduction programs to help ...and more »
Home buyer tax credit questions answered - Baltimore Sun (blog)Home buyer tax credit questions answeredBaltimore Sun (blog)... hazard-insurance records or copies of annual mortgage-interest statements filed with their federal taxes," notes columnist Kenneth Harney.First Time Home Buyer Tax Credit Extension – Under Contract Before April 30th ...Subprime Blogger (blog)all 3 news articles »
Real Estate Live - Washington PostReal Estate LiveWashington PostKen Harney has been writing some good columns about this. Condo Values: My wife and I bought a new condo at the end of 2007, in an up and coming ...
Real estate transfers - Rome SentinelReal estate transfersRome Sentinel803 Park Drive, Robert and Gloria Harney to John C. Weidner, $54000 ($59900). 803 Park Drive, John C. Weidner to John C. and Frances V. Weidner, ...and more »
Lodi foreclosure projects provide opportunity for home ownership - Lodi News-SentinelLodi foreclosure projects provide opportunity for home ownershipLodi News-SentinelThe other house the program purchased was on Via Marco Lane in a newer neighborhood at Harney Lane and Cherokee Lane. When it was in foreclosure, ...
IRS clarifies tax-credit rules - Seattle TimesIRS clarifies tax-credit rulesSeattle TimesWASHINGTON — Despite back-to-back blizzards that shut federal offices for days, the IRS issued new guidance last week on the two ...and more »

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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 |