Orion Mortgage Refinance and Information Online from competing Lenders

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Magna Entertainment Corp. Announces Termination of Agreement to Sell ... - Biloxi Sun Herald
AURORA, ON, Nov. 3 -- AURORA, ON, Nov. 3 /PRNewswire-FirstCall/ - Magna Entertainment Corp. ("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A) today announced that its agreement to sell approximately 489 acres of excess real estate located in Ocala ...

Thomson Financial News - Forbes
Shares in International Ferro Metals slide as much as 19 percent after the company says it will slash output and postpone planned investments in the business due to a slump in demand for stainless steel. 'Management has made very sensible decisions ...

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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