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News about Mortgages:
Avoiding foreclosure - Howard County Times* Contact your lender as soon as you begin having financial problems. Lenders typically do not want to take over your home and may be willing to offer you options to avoid foreclosure. * Call a Maryland nonprofit housing counselor to make a free ...
How to cope if a recession hits - News.com.auBATTEN down the hatches. Australia could be heading for recession and that means tough times ahead. The Reserve Bank (RBA) is forecasting 100,000 jobs to vanish in Australia in the next 12 months, taking unemployment to more than five per cent. New ...
More Primary Articles - Nashua TelegraphShe is breathtakingly unlike any other vice presidential pick in American... HIDALGO, Texas – As they race between Ohio and Texas in advance of their March 4 primary showdown, Sens. Barack Obama and Hillary Clinton are squaring off over who has the ...
Women a Tougher Sell for Obama - Common DreamsBANGOR, Maine - Women such as Linda Sinclair have turned New England into a potentially tough playing field for Illinois Sen. Barack Obama. Sinclair listened with rapt attention as New York Sen. Hillary Rodham Clinton spoke at a rally in Orono on ...
County foreclosure rate behind national - Gainesville Daily RegisterAs news of a recession makes the headlines nationwide, often citing a rising number of house foreclosures as a sign of economic downturn, the picture in Cooke County doesn’t appear as gloomy. According to information from the Cooke County Clerk’s ...
New Push to Ease Debt - Inside Higher EdTaking an innovative tack to try to shrink student debt, a broad and surprisingly diverse coalition of student groups, lenders, parent associations and others has filed an unusual petition urging the U.S. Education Department to rewrite its ...
TCW's Gundlach sticks to his knitting, sews up another award - BusinessWeekJeffrey Gundlach, co-manager of the TCW Total Return Bond Fund (TGLMX) with Philip Barach, just won Morningstar’s bond fund manager of the year award. He was also named one of the best by BusinessWeek for the fourth consecutive year back in March ...
Cost of College a Bipartisan Concern - Inside Higher EdCongressional Republicans have been making known for years their concern about the rapidly escalating tuitions that colleges are charging. Higher education leaders have held out hope that Democratic lawmakers, now that they control Congress, would be ...
NO BROADWAY OPENING - New York PostJARED Kushner did not "strike again" after all - and maybe it's because Harvey Weinstein had a change of heart, too. Kushner, the 27-year-old owner of The New York Observer, failed to close on a deal we reported back on Dec. 11 - the purchase of 700 ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...

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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.
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