Little York Mortgage Refinance and Information Online from competing Lenders
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Citigroup layoffs trump global economic plan - Newsweek(NEW YORK) Another round of massive layoffs at Citigroup and more bad financial news Monday led investors to shrug off the lengthy action plan from world leaders designed to address a sagging global economy. Citigroup said it will cut about 53,000 ...
Obama Proposals May Benefit High-Earners - Street.ComEven if you supported Barack Obama's voice for change, voted for him and are thrilled that he is our president-elect, you might be worried about your upcoming tax bill if you earn more than $250,000 as a family or $200,000 as a single person. Obama ...
FDIC's Bair pushes aggressive mortgage plan - CNN MoneyNEW YORK (CNNMoney.com) -- In a surprise move, FDIC Chairwoman Sheila Bair Friday unveiled details of her plan to have the government help delinquent homeowners. There are two key elements to the proposal. First, housing payments for delinquent ...
Sirius XM at 17 cents - look out below - CNN MoneyNEW YORK (CNNMoney.com) -- "Brother, can you spare a dime?" During the Great Depression, ten cents could buy a little something for those really hard up. During this financial crisis, ask for two dimes, and you can get a share of Sirius XM. That's ...
Stocks down but dividends steady - Chicago Sun-TimesIf you're fortunate enough to have money to save, you could put it in a bank certificate of deposit and collect more than 3 percent for a year if you shop around. The yield is guaranteed and won't disturb your sleep. But if you want a year of living ...
November 2008 - Weblogs.baltimoresun.comWhenever chaos rules the economy and financial markets, I try to find financiers who have fended off the storm and resisted the temptations that brought down their competitors. It's always a bit of a risk. The company that appears strong today may be ...
Credit scores more important than ever for best loan rates - Contra Costa TimesBryan and Trudi Sorge used two credit cards with 0 percent interest rates to pay for a new deck at their Pine, Colo., home, unaware the transaction would lower their credit score. "We thought why use the cash, this is easier," said Trudi, 47. "But ...
Insurance shares slump, with Hartford down 29 pct - ForbesShares of Hartford Financial Services Group Inc. and other life insurers fell Wednesday as investors grew more concerned about the sector's large exposure to commercial mortgage investments and the variable annuity business. Shares of Hartford ...
ABCPMMMFLF Spells Fed Relief for JPMorgan, Citi Shadow Banking - BloombergNov. 17 (Bloomberg) -- The U.S. Federal Reserve's emergency lending programs, intended to thaw commercial paper and money markets, are also helping banks limit losses from some of their $4 trillion in off-the-books guarantees and loan commitments. A ...
Insurance shares slump as concerns grow - International Herald TribuneCHARLOTTE, North Carolina : Shares of Hartford Financial Services Group Inc. and other life insurers fell Wednesday as investors grew more concerned about the sector's large exposure to commercial mortgage investments and the variable annuity ...
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