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News about Mortgages:
What's the best strategy as mortgage rates rise? - Globe and MailBBC NewsWhat's the best strategy as mortgage rates rise?Globe and Mail, Canada - Sep 30, 2008... in the first half of 2007 to get a variable-rate mortgage at prime minus a full percentage point, said Jim Tourloukis of Advent Mortgages in Markham, ...B&B buy-to-let mortgages: Your tales BBC NewsGo with your gut in these credit crazy days Globe and Mailall 5 news articles
Treasury Seeks Asset-Buying Power Unchecked by Courts (Update2) - BloombergTreasury Seeks Asset-Buying Power Unchecked by Courts (Update2)Bloomberg - Sep 21, 200821 (Bloomberg) -- The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in ...Treasury Seeks Authority to Buy $700 Billon in Mortgage Assets Bloombergall 14 news articles
Grandpa at the Casino: One Advisor's Take on the Financial Crisis - National PostGrandpa at the Casino: One Advisor's Take on the Financial CrisisNational Post, Canada - Oct 4, 2008Robert Smith, a financial advisor based in Markham, Ont., sent his analysis to clients on Tuesday just as the market was closing. ...
Gut check time - National PostGut check timeNational Post, Canada - Sep 29, 2008Here's what Markham-based advisor Robert Smith says: "If you hold a diversified basket of high-quality stocks (and one must really focus on the words ...
Don't lose any sleep over Canada's financial system - Globe and MailDon't lose any sleep over Canada's financial systemGlobe and Mail, Canada - Sep 30, 2008The rate of return isn't so hot, but at least you know your money won't be used by any financial Einsteins to fund mortgage loans for people who can't begin ...
Crossing Paths In The Walkable City - TorontoistTorontoistCrossing Paths In The Walkable CityTorontoist, Canada - Oct 2, 2008It might be a bit presumptuous to condemn a neighbourhood before it is fully built—maybe the Cornell district in Markham would've been a more matured area ...
Knothole peek at new housing - Staten Island Advance - SILive.comKnothole peek at new housingStaten Island Advance - SILive.com, NY - Sep 20, 2008Another 25, two-family for-sale homes also will be built at Markham. "We are really proud of it and we wanted all of you to get a preview," Claire ...
NASA MODIS Image of the Day: September 15, 2008 - Ice Shelves ... - Space Ref (press release)Space Ref (press release)NASA MODIS Image of the Day: September 15, 2008 - Ice Shelves ...Space Ref (press release) - Sep 15, 2008Prior to July 2008, only five ice shelves remained in the Canadian Arctic: Serson, Petersen, Milne, Ward Hunt, and Markham. With an estimated age of 4500 ...
Gone a year, specter of realty mogul Frank D’Alessandro lives - The News-PressGone a year, specter of realty mogul Frank D’Alessandro livesThe News-Press, FL - Sep 13, 2008The group is named in D’Alessandro’s will, which incorrectly makes people assume PACE has plenty of money, said L. Gail Markham, who chairs the organization ...
ROI Capital completes $118 million in new loans - Canada NewsWire (press release)ROI Capital completes $118 million in new loansCanada NewsWire (press release), Canada - Sep 22, 2008The following is a list of our recently closed loans: Lind Equipment Ltd. Founded in 1949, the company is based in Markham, Ontario. ...
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