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Refinancing available to vets with subprime loans - HamptonRoads.comVeterans with conventional home loans now have new options for refinancing to a loan guaranteed by the Department of Veterans Affairs, according to a news release. These new options are available as a result of the Veterans’ Benefits Improvement ...
Today's most viewed articles - Portsmouth HeraldWe would like to thank the Hampton Community Coalition, the Hampton Recreation Department and the Trinity Episcopal Church for a wonderful time at Applecrest on Oct. 24. The program, music, prizes and delicious homemade apple desserts all made for an ...
Housing foreclosures in region spiked in October - HamptonRoads.comForeclosure activity in Hampton Roads spiked last month and has increased nearly threefold since a year ago as banks took over more homes and homeowners across the region struggled to pay mortgages, a report to be released today found. The number of ...
Tom Acitelli - New York ObserverProbably the biggest story in the Manhattan office market at the close of 2008 is sublease space. A lot of it's spilling onto the market, a stark indicator of what belted the office market, long the nation's healthiest, off its pedestal just a few ...
Foreclosures in Hampton Roads more than triple in past year - HamptonRoads.comForeclosure activity in Hampton Roads continued to climb last month and has increased more than threefold since last year as more banks repossessed homes in the region and homeowners struggled to pay mortgages, a report to be released today found ...
McCain: ‘They forgot to let you decide’ - News-VirginianVIRGINIA BEACH — Sen. John McCain exhorted a crowd of about 16,000 supporters Monday to fight with him to erase a deficit in the national polls three weeks before the presidential election. “Let me give you the state of the race today and some ...
Mortgage crisis has turned homeownership upside down - Daily PressJoey Goldner had a $729,000 mortgage on a Highland Park home that he eventually sold for $450,000. ( Tribune photo by Chris Walker / October 9, 2008) Joey Goldner always approached real estate with a gardener's zeal. He'd plant his money in a ...
'They forgot to let you decide' - Inrich.comSen. John McCain exhorted a crowd of about 16,000 supporters yesterday to fight with him to erase a deficit in the national polls three weeks before the presidential election. "Let me give you the state of the race today and some straight talk ...
Jeremy Warner: De-risking of RBS is the major challenge for the new ... - The IndependentOutlook Few new brooms face as much of a clean-up challenge as Stephen Hester at Royal Bank of Scotland. Yet it is not so much of a long hard slog that the former British Land boss has to look forward to as a gruelling regime of extreme weight loss ...
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.
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