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News about Mortgages:
Fairfax foreclosures jump 392 percent in one year - WTOPFairfax foreclosures jump 392 percent in one yearWTOP, DC - Oct 2, 2008On the flip side, Chantilly and Oakton had the steepest decline in sales, each dropping 31 percent in August from July, Fulton reported. ...
Homebuilder Trends: More Small Builders Folding [Housing Tracker] - Seeking AlphaHomebuilder Trends: More Small Builders Folding [Housing Tracker]Seeking Alpha, NY - Sep 23, 2008... Hoff Remodeling, Gaithersburg; Market Home Furnishings, Oakton; Pavers Plus, Frederick; Prestige Builders, Potomac; Randy's Paint and Decorating Center, ...
Credit crunch hits small businesses - The PostCredit crunch hits small businessesThe Post, Pakistan - Sep 15, 2008... according to Ray Keating, chief economist for the Small Business and Entrepreneurship Council, a small-business advocacy group in Oakton, Va. ...
Man charged in basement body death - Milwaukee Journal SentinelMan charged in basement body deathMilwaukee Journal Sentinel, WI - Sep 22, 2008The new, $3.4 million Village Hall/Police Department opened at 302 Oakton Ave. in May. By Lee Bergquist The Wisconsin Department of Natural Resources is ...
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.
View all Terms