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News about Mortgages:
Sirius XM in Talks to Refinance Debt, Cuts Forecast (Update4) - BloombergNov. 6 (Bloomberg) -- Sirius XM Radio Inc. , the only U.S. pay-radio broadcaster, began talks with banks to refinance debt and lowered its forecast for subscriber growth after U.S. car sales plummeted. The company is seeking to replace 2.5 percent ...
Lake Barrington man led massive swindle, feds say - Arlington Heights Daily HeraldFederal authorities Wednesday took over the case against a Lake Barrington Shores man accused of scamming the elderly and the unsuspecting out of their homes and property. In the process, the feds added numerous accusations against Charles H. Landwer ...
Business Digest - Providence JournalBoston-based Fidelity Investments, one of the biggest employers in Rhode Island with more than 2,400 workers in Smithfield, confirmed yesterday that it will eliminate about 1,700 jobs in the first three months of next year, adding to previously ...
InnVest REIT Reports Third Quarter Results - CNW Group- Announces Normal Course Issuer Bid - TORONTO, Nov. 7 /CNW/ - InnVest Real Estate Investment Trust (TSX: INN.UN) today announced financial results for the three and nine months ended September 30, 2008. "We delivered continued growth this quarter ...
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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