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News about Mortgages:
Housing crisis hitting home - Northwest HeraldHousing crisis hitting homeNorthwest Herald, IL - Nov 15, 2008In Huntley alone, 1157 single-family home permits were issued as recently as 2003. Lately, though, the silence is deafening. Through October of this year, ...
CBJ: Property Transfers & Building Permits - Charlottesville Daily ProgressCBJ: Property Transfers & Building PermitsCharlottesville Daily Progress, VA - Nov 17, 2008... Jonathan, lot 15 Redland Land Corporation Overhills, $404700. l Gaffney Homes LLC to DelVitto, Jon Marc., Jr., lot 9 phase 2 Huntley, $444000. l Rice, ...
Tough times for real estate agents, bankers - Northwest HeraldTough times for real estate agents, bankersNorthwest Herald, IL - Nov 17, 2008"This is the worst I've ever seen it," said Leider, who has been in the mortgage business for 42 years. "Fewer people are applying for loans. ...
Edinburgh to buy own headquarters - The Move ChannelEdinburgh to buy own headquartersThe Move Channel, UK - 10 hours ago‘For a mortgage which is less than one per cent of our annual budget we can save tens of millions of pounds,' said Council Leader Jenny Dawe. ...
Princeton National Bancorp, Inc. Continues Positive Trends and ... - StockhousePrinceton National Bancorp, Inc. Continues Positive Trends and ...Stockhouse, Canada - Oct 28, 2008One area that has contributed to the consistent results in non-interest income is mortgage banking income. During a time when many financial institutions ...
Real estate parcel transfers - Richmond Times DispatchReal estate parcel transfersRichmond Times Dispatch, VA - Oct 24, 20081 Huntley Road; Whittemore F Case To Berg Stephen D And Debra P, $750000. 3411 Lawson St; Jones William To Jones William E, $50500. ...
Youngest players find the range in NSYSA - Valley BreezeYoungest players find the range in NSYSAValley Breeze, RI - Nov 6, 2008For Pro Products, Faith Jacobson, two, and Leah Huntley scored and MVPs were Julia Kasanovich and Grace Bishoff. Stanley Tree Service bounced MFL USA ...
ASX expected to open higher after slump - Sydney Morning HeraldASX expected to open higher after slumpSydney Morning Herald, Australia - Nov 13, 2008In company news, Mirvac Group, Slater & Gordon Ltd, McPherson's Ltd, Transfield Services Infrastructure, Huntley Investment Company Ltd and Beaconsfield ...
Aust shares jump 4.2% as Wall St surges - Business SpectatorAust shares jump 4.2% as Wall St surgesBusiness Spectator, Australia - Nov 13, 2008In company news, Mirvac Group, Slater & Gordon Ltd, McPherson's Ltd, Transfield Services Infrastructure, Huntley Investment Company Ltd and Beaconsfield ...
Season drawing to a close in NSYSA - Valley BreezeSeason drawing to a close in NSYSAValley Breeze, RI - Oct 30, 2008Scoring for Pro Products were Olivia Marcantonio and Faith Jacobson, and MVPs were Grace Bischoff and Leah Huntley. In Girls U-12 Division action, ...
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