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Eliot Brown - New York ObserverCity's Willets Point rendering. Just on the heels of the highly contentious City Council term limits vote, Mayor Bloomberg has personally injected himself into the push to sway the council on his administration's plan to redevelop Willets Point ...
Body found in Milwaukee River is identified - Milwaukee Journal SentinelNov. 11, 2008 11:20 p.m. | West Bend - A World War II veteran who survived the bombing of Pearl Harbor collapsed during a Veterans Day ceremony in Washington County and was pronounced dead Tuesday. John Weinberger, 85, collapsed Tuesday morning as he ...
Obama outspends McCain, GOP 3-2 down the stretch - Milwaukee Journal SentinelIn one key respect, the report underscored just how tilted the playing field is toward Obama in the homestretch. The ad wars are being fought overwhelmingly in states won by the Republicans four years ago. Three out of every four dollars spent on TV ...
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