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About Mortgage Refinancin - Kitchener, Ontario CanadaAbout Mortgage RefinancinKitchener, Ontario Canada, Canada - 6 hours agoThe city is home to four municipal business parks: the Bridgeport Business Park, Grand River West Business Park, Huron Business Park and Lancaster Corporate ...
REAL ESTATE - Dallas Morning NewsREAL ESTATEDallas Morning News, TX - Jan 8, 2009Pre-owned home sales were down by more than 30 percent in Lancaster, Sachse-Rowlett, The Colony, Rockwall and Fairview. The condominium market is also being ...
Fulton Financial Corporation Announces Dates for Fourth Quarter ... - CNNMoney.comFulton Financial Corporation Announces Dates for Fourth Quarter ...CNNMoney.com - Jan 6, 2009... Lancaster, PA; and Dearden, Maguire, Weaver and Barrett, LLC, West Conshohocken, PA. Residential mortgage lending is offered by all banks through Fulton ...
Homeless figures show decline countywide - Lancashire Evening PostHomeless figures show decline countywideLancashire Evening Post, UK - Jan 8, 2009By Stef Hall Chorley and Lancaster have become among the top 100 places in England to have the largest number of homeless households. ...
Owners find themselves trapped underwater - USA TodayOwners find themselves trapped underwaterUSA Today - Dec 18, 2008Ken Schimpf, 61, a retired carpenter in Lancaster, Calif., briefly toyed with the idea of moving to Wyoming so he could be closer to his oldest son and live ...
Erie County bucks foreclosure trend - WIVBWIVBErie County bucks foreclosure trendWIVB, NY - Jan 2, 2009LANCASTER, NY (WIVB) - The money meltdown has cost millions of Americans the American Dream. Home foreclosures hit record highs last year, but Erie County ...
American Home Bank purchase completed - Trading Markets (press release)American Home Bank purchase completedTrading Markets (press release), CA - Jan 6, 2009To see more of the Lancaster New Era, or to subscribe to the newspaper, go to http://www.lancasteronline.com/newera. Copyright (c) 2009, Lancaster New Era, ...
Court report 1/4 - Pryor Daily TimesCourt report 1/4Pryor Daily Times, OK - Jan 3, 2009Floyd Lancaster vs. Andrea Babcock Minchue, default judgment to the plaintiff for $149 plus court costs of $53 and $50 service fees and possession of ...
Slumps in jobs, homes, retail create sour year - Lancaster NewspapersSlumps in jobs, homes, retail create sour yearLancaster Newspapers, PA - Dec 31, 2008New construction contracts in Lancaster County were down 39 percent for the year through November. There's not much good to say about a recession, ...
2008: The Year in Review - Lancaster Newspapers2008: The Year in ReviewLancaster Newspapers, PA - Dec 29, 2008Residents of northeast Lancaster County were stunned by news that a well-known, 45-year-old mother of four had been found dead at her Reinholds home in July ...
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