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News briefs: County wants land for dredging project - Herald Tribune
The county wants to acquire an easement from Bradenton Tropical Palms, a mobile park on 14th Street West. It says the land is appraised at $360,300 but that it has been unable to settle on a price with the park. The U.S. Army Corps of Engineers ...

Car fire on 94 at 121st - Milwaukee Journal Sentinel
Nov. 21, 2008 6:53 a.m. | A car fire is backing up the commute on westbound I-94 near 121st St. Here's the look from the DOT camera . The fire is causing major delays. The trip from downtown to Moorland Rd ., normally a ten minute drive, was taking ...

Church hierarchy stalled priest ousters, Weakland testifies - Milwaukee Journal Sentinel
Nov. 20, 2008 2:34 p.m. | Now-retired Archbishop Rembert Weakland, in a videotaped deposition released today, said his attempts to oust sexually abusive priests from the priesthood was stalled by a protective church hierarchy despite his pleas for ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

2008 (2665) - Dakota Voice
► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...

Clinton (Easton, Pennsylvania) - Fort Lauderdale Sun-Sentinel
Work began September 4 on the rehabilitation of the PA 61 Bridge over the Schuylkill River in West Brunswick Township, Schuylkill County. The bridge project entails deck patching, a latex overlay of the deck, expansion joint replacements, new ...

Ala Moana, Ward Centers owner facing bankruptcy - Honolulu Star-Bulletin
General Growth Properties Inc. , owner of Ala Moana Center and Ward Centers in Hawaii, said yesterday it is facing the possibility of bankruptcy if it fails to refinance or extend nearly $1 billion in debt due next month. The real estate investment ...

Hillsborough County targets areas for housing rehab plan - St. Petersburg Times
PALM RIVER — Armando Celeiro came here from Cuba with $100 in his pocket. Forty-odd years later he's a furniture manufacturer and real estate investor, proud of his achievements and bullish on his community. Hillsborough County housing officials ...

AEP Reports 2008 Third-Quarter Earnings - CNBC
COLUMBUS, Ohio, Oct 31, 2008 /PRNewswire-FirstCall via COMTEX/ -- * 2008 third-quarter earnings $0.93 per share GAAP and ongoing * Unfavorable weather key factor in decline from prior year * AEP tightens 2008 ongoing guidance range to between $3.15 ...

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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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