Council Mortgage Refinance and Information Online from competing Lenders

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Russia's VEB lends $2bln to mining, electonics firms - Forbes
MOSCOW, Nov 21 (Reuters) - Russian state-owned bank VEB said on Friday it had approved $2 billion in loans for domestic mining and electronics firms to refinance their foreign debt. 'The supervisory council approved Vneshekonombank's participation in ...

Councilwoman Evans grills finance director - Nashville City Paper
District 23 Councilwoman Emily Evans pressed Metro Finance Director Richard Riebeling about his decision to refinance $59 million in municipal bonds during an uncomfortable Council budget and finance committee hearing on Monday. Evans, who has a ...

Arlington council signs off on preliminary deal to let Cowboys build ... - Fort Worth Star-Telegram
ARLINGTON — The City Council signed off on a preliminary agreement that would allow the Dallas Cowboys to build a 1,500-space parking lot in a neighborhood west of the football stadium. Over the past few years, the team has bought land from ...

Resources exist to refinance Dubai debt: DIC - Business24-7
Resources exist to refinance Dubai's estimated $70 billion debt, Dubai International Capital's (DIC) chief executive said on Sunday, brushing off speculation the emirate may need to seek help. Sameer al-Ansari said the Gulf financial hub's debt to ...

New game plan for refinancing - Fort Worth Star-Telegram
ARLINGTON — For four months, the city has been unable to refinance $164 million in variable-rate bonds for the Dallas Cowboys stadium project. On Tuesday, city staff members will ask the City Council for authority to refinance only part of the debt ...

LCCAA requests building loan - Morning Journal
LORAIN — Lorain County Community Action Agency has requested a $400,000 Housing and Urban Development loan to purchase and renovate a building at 666 Broadway owned by Lorain County Commissioner Ted Kalo, according to the minutes from an August ...

NFL Notebook - Tulsa World
Kelly may become more involved: The Washington Redskins envision rookie wide receiver Malcolm Kelly from Oklahoma, who has had knee problems all season, helping at some point in the final six games. Rookie wide receiver Devin Thomas has displayed ...

In Brief - Vancouver Sun
EAST RUTHERFORD, N.J. - Cleveland's LeBron James became the youngest player to score 11,000 career NBA points in Tuesday's game against the New Jersey Nets. The Cavaliers forward needed 13 points to succeed Kobe Bryant as the youngest player to reach ...

Creative Cost-Cutting Tactics For Small Biz - Forbes
With credit locked up and consumers on the sidelines, small businesses should be sleuthing for any and all ways to shave expenses. Chopping heads only gets you so far--slice into muscle and you may be too hobbled to ride the rebound. "Many think that ...

UPDATE 3-Germany says ready to help troubled carmaker Opel - Reuters
BERLIN/FRANKFURT, Nov 17 (Reuters) - Germany said on Monday it was ready to help General Motors' (GM.N: Quote , Profile , Research , Stock Buzz ) struggling German unit Opel, though it would make sure any aid did not seep over to the U.S. parent or ...

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

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