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News about Mortgages:
Realtors live close to the edge - USA TodayRealtors live close to the edgeUSA Today - 19 hours agoRobert Millosh, a Realtor for Re/Max in Middlesex County, NJ, says he'll need to find some other job to stay in the area. He used to earn at least $30000 ...
Kearny Financial Corp. Reports Fourth Quarter 2008 Operating Results - CNNMoney.comKearny Financial Corp. Reports Fourth Quarter 2008 Operating ResultsCNNMoney.com - Aug 6, 2008Interest income increased due primarily to the redeployment of cash and cash equivalents in higher yielding loans receivable and mortgage-backed securities. ...
Pollinas have about $650000 in assets - BurlingtonFreePress.comPollinas have about $650000 in assetsBurlingtonFreePress.com, VT - Aug 6, 2008They listed a $200000 mortgage on their home and 32 acres valued at $309600, $9150 in car and credit card debt, and $3500 in a home equity loan. ...
Two indicted in alleged scheme to cheat lenders - The Patriot LedgerTwo indicted in alleged scheme to cheat lendersThe Patriot Ledger, MA - Aug 2, 2008The two were also indicted in Middlesex County in June on unrelated charges of insurance fraud. Namenson, a lawyer who had a law firm in Quincy, ...
Magyar Bancorp Announces Third Quarter Earnings - MarketWatchMagyar Bancorp Announces Third Quarter EarningsMarketWatch - Jul 29, 2008Today, Magyar Bank operates five branch locations throughout Middlesex and Somerset Counties including New Brunswick (2), North Brunswick, South Brunswick ...
Unity Bancorp Reports Second Quarter and Six Month Results - Earthtimes (press release)Unity Bancorp Reports Second Quarter and Six Month ResultsEarthtimes (press release), UK - Jul 29, 2008... 16 retail service centers located in Hunterdon , Middlesex , Somerset , Union and Warren Counties in New Jersey and Northampton County, Pennsylvania . ...
Local foreclosures are in a holding pattern - Boston GlobeLocal foreclosures are in a holding patternBoston Globe, United States - Jul 21, 2008... from ForeclosuresMass.com, a Framingham-based provider of Massachusetts foreclosure data for investors, real estate professionals, and mortgage brokers. ...
Revisiting the Depression - Barre Montpelier Times ArgusRevisiting the DepressionBarre Montpelier Times Argus, VT - Jul 30, 2008In Vermont they built dams in Waterbury and Middlesex and shelters and other camping facilities throughout the state's parks system. ...
Movers & Shakers, July 21, 2008 - Worcester Business JournalMovers & Shakers, July 21, 2008Worcester Business Journal, MA - Jul 20, 2008SUSAN JOHNSON was appointed assistant vice president of community business banking at Middlesex Savings Bank in Auburn. She joins the bank with more than 13 ...
Quality child care getting harder for working parents to afford - The Star-Ledger - NJ.comQuality child care getting harder for working parents to affordThe Star-Ledger - NJ.com, NJ - Jul 28, 2008There is a waiting list for slots, including 253 families in Middlesex County and 143 in Morris. The waiting lists are longest in Hudson and Passaic ...

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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.
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