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CALIFORNIA REALTOR(R) EXPO 2008 in Long Beach Oct. 14-16 - MarketWatchCALIFORNIA REALTOR(R) EXPO 2008 in Long Beach Oct. 14-16MarketWatch - 1 hour ago2 pm - 3:30 pm The subprime mortgage fallout, rising defaults on home loans, and lower home prices have each had their separate and collective impact on ...
3 running in Ohio AG race forced by scandal - Akron Beacon JournalThe Plain Dealer - cleveland.com3 running in Ohio AG race forced by scandalAkron Beacon Journal, OH - 8 hours ago... experience as key qualifications for the job. Cordray pledges to be a bulldog on consumer protection, making mortgage and credit card fraud top priorities.Candidates speak at Defiance County dinner Defiance Crescent Newsall 30 news articles
Ground Zero Ohio: University of Dayton Experts Comment on ... - MarketWatchGround Zero Ohio: University of Dayton Experts Comment on ...MarketWatch - Sep 26, 2008With rising unemployment, massive plant closings and one of the highest rates of mortgage foreclosures in the nation, the already-reeling Buckeye State is ...
'Perfect storm' forecast in foreclosure mess - Dayton Daily News'Perfect storm' forecast in foreclosure messDayton Daily News, OH - Sep 27, 2008"The good news and the bad news is that we're in the Dayton area, in the Miami Valley," said James Durham, a University of Dayton law professor specializing ...Number of Ohioans paying more for housing rises The Plain Dealer - cleveland.comMan Hit By Gunfire In Dayton WHIOtv.comBank crisis hitting homeowners hardest, says census Dayton Daily Newsall 28 news articles
On the record - Muncie Star PressOn the recordMuncie Star Press, IN - 18 hours ago... N. Walnut St. WM Specialty Mortgage vs. Freddy Joe and Susan D. Taulbee, 225 E. Harvard Ave. Deutsche Bank vs. Nancy and Rick Dayton, 5904 E. Rick Road. ...
Business news briefs - Pittsburgh Post GazetteBusiness news briefsPittsburgh Post Gazette, PA - Oct 3, 2008General Motors Corp. said yesterday that it would shut down its SUV assembly plant in the Dayton, Ohio, suburb of Moraine on Dec. ...
Local Congressional Leaders Poised To Vote On $700B Rescue Plan - WHIOtv.comLocal Congressional Leaders Poised To Vote On $700B Rescue PlanWHIOtv.com, OH - Oct 2, 2008WASHINGTON -- As congressional leaders and the White House rally support for a $700 billion financial bailout plan, Dayton-area members of Congress said ...
$200K grant to help area homeowners avoid foreclosure - Bizjournals.com$200K grant to help area homeowners avoid foreclosureBizjournals.com, NC - Sep 22, 2008A $200000 grant will toward helping Dayton-area homeowners avoid foreclosure. The Homeownership Center of Greater Dayton, along with seven other financial ...Atlanta Federal Home Loan Bank CEO Richard Dorfman: ‘This is the ... Bizjournals.comall 17 news articles
Everything 'that could be going wrong is going wrong' - Dayton Daily NewsEverything 'that could be going wrong is going wrong'Dayton Daily News, OH - Oct 4, 2008"Whoever becomes the next president is in for a rude awakening," said Chris Duncan, University of Dayton professor and chairman of political science. ...More people in need Dayton Daily Newsall 2 news articles
Real estate deal gone sour is sweet deal for nonprofit - Finance and CommerceReal estate deal gone sour is sweet deal for nonprofitFinance and Commerce, MN - Oct 3, 2008In late September, St. Paul-based BankCherokee donated a foreclosed property to the city and two of its nonprofit development corporations – the Dayton ...
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