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Solid credit score "vital" - Denver PostBryan and Trudi Sorge used two credit cards with zero percent interest rates to pay for a new deck at their home in Pine, unaware the transaction would lower their credit score. "We thought why use the cash, this is easier," said Trudi, 47. "But ...
Intrawest announces layoffs but no specifics - Rocky Mountain NewsCanadian resort operator Intrawest announced job cuts but declined to be specific about how the layoffs would affect its employees at three Colorado ski resorts. The Vancouver, British Columbia-based company issued this statement this afternoon ...
VA Helps Veterans At Risk Of Losing Homes - WPBF News 25WEST PALM BEACH, Fla. -- Military veterans spend their careers risking their lives for the country's freedom. Now, many of them are at risk of losing their homes. The foreclosure crisis is taking a toll on veterans, but there is assistance available ...
Suthers cracks down on mortgage ads - Denver Business JournalThree Colorado mortgage brokers have reached settlements with state Attorney General John Suthers to end what Suthers called the “deceptive use of teaser rates in mortgage-loan advertisements” in Denver newspapers. The agreements were part of a ...
Suthers cracks down on mortgage fraud - Rocky Mountain NewsColorado Attorney General John Suthers today said he has reached settlements with three mortgage companies as part of a crackdown on false advertising that he launched about two years ago. Suthers said that Denver’s Arbor Financial Inc., 5280 ...
BPI Energy Signs Carbon Credit Marketing Agreement With Blue Source - EarthtimesCLEVELAND - (Business Wire) BPI Energy Holdings, Inc. (NYSE Alternext US: BPG) , an independent energy company engaged in the exploration, production and commercial sale of coalbed methane (CBM) in the Illinois Basin, today announced that it has ...
American Express: Nowhere Near Its Credit Limit - Barron's OnlineTHE CREDIT CRISIS AND THE DEEPENING RECESSION have dealt a double blow to American Express , which has long been viewed as one of the globe's leading financial companies, due to its enviable card business and consistently high returns. AmEx shares ...
Message to Obama: Send loans fast - CNN MoneyUnable to get bank loans, A-2-Z Scuba owner Amy Rhodes is scrambling to keep her business on track. (CNNMoney.com) -- What could jump-start the economy? Affordable loans for small business. With bank lending almost frozen and consumer spending down ...
November 2008 - Weblogs.baltimoresun.comHis Eminence James Francis Cardinal Stafford criticized President-elect Barack Obama as “aggressive, disruptive and apocalyptic,“ and said he campaigned on an “extremist anti-life platform,” Thursday night in Keane Auditorium during his ...
2008 (2665) - Dakota Voice► May 22 - May 29 (1) To assuage conservatives, McCain has rolled out endorsements from leading conservatives and aired a new television ad that mentions Ronald Reagan. He plans to attend a major gathering of conservatives later this month. The ...
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.
Buyers 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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