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News about Mortgages:
Indiana-Armstrong Builders/Spring Home Show: Area builders cautiously ... - Indiana GazetteIndiana-Armstrong Builders/Spring Home Show: Area builders cautiously ...Indiana GazetteDavid Burnheimer, owner of David Burnheimer Construction in Homer City, doesn't anticipate a busy year for his 30-year-old company because of the economy. ...and more »
John Ross, once symbol of condo craze, going to auction - OregonLive.com (blog)OregonLive.com (blog)John Ross, once symbol of condo craze, going to auctionOregonLive.com (blog)As part of that deal, Portland developers Mark Edlen and Homer Williams agreed to build hundreds of new condos in the area. They sold out the first project, ...and more »
All you wanted to know about the John Ross auction – and more - Hillsboro Argus - OregonLive.com (blog)Hillsboro Argus - OregonLive.com (blog)All you wanted to know about the John Ross auction – and moreHillsboro Argus - OregonLive.com (blog)That's true even for bidders who plan to use another mortgage lender. The auction company says they do this because some lenders are reluctant to make loans ...and more »
Biographies of the 'Sheroes' - Quad City TimesBiographies of the 'Sheroes'Quad City TimesBorn in Homer, Louisiana, on a share cropper's farm, Johnnie grew-up in Lincoln Homes public housing in Rock Island. She is the daughter of a sharecropper ...
Progressive in the world of property investment - Peterborough TodayProgressive in the world of property investmentPeterborough TodayStarting from very humble beginnings, Rob Moore and Mark Homer started buying property as a business in 2006, leaving their 9-5 jobs behind. ed in these ...
Burnley Fell to Spell from Hell - VitalfootballBurnley Fell to Spell from HellVitalfootballNaive and an easy 'homer` accusation target he booked three of our players to none of theirs and for the first time that I can recall the Clarets fans ...and more »
Telvision movies for the week of March 14 - Pittsburgh Post GazetteTelvision movies for the week of March 14Pittsburgh Post GazetteA mortgage and no job force a black war hero to seek a mystery lady for a shady guy in 1948 Los Angeles. (R) (2:30) BET: Thu. 1 PM (CC) • The Devil Wears ...
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.
View all Terms