Merrill Mortgage Refinance and Information Online from competing Lenders

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UPDATE 2-UK regulator proposes BT wholesale price rises - Reuters
LONDON, Dec 5 (Reuters) - Ofcom, Britain's communications regulator, has proposed increasing the wholesale prices that BT Group (BT.L: Quote , Profile , Research , Stock Buzz ) charges other telecoms providers to cover the impact of inflation and ...

Market Report: RBS soars on back of Merrill's rescue plan - The Independent
Royal Bank of Scotland registered a stellar 16.79 per cent rise last night after the house broker Merrill Lynch suggested a radical restructuring strategy to save the bank, already majority-owned by the British taxpayer, from full nationalisation ...

Asia Bond Collapse Spurs Borrowers to Repurchase Debt (Update2) - Bloomberg
Dec. 5 (Bloomberg) -- Asian companies are stepping up the pace of debt repurchases as prices fall to record lows. Galaxy Entertainment Group Ltd ., Olam International Ltd. and Flextronics International Ltd. lead borrowers that bought back $61.7 ...

Australian Market Report of December 5: Concerns over Debt Refinancing - ABN Newswire
Sydney, Dec 5, 2008 (ABN Newswire) - US stocks fell for the first time in three days, on concern of General Motors' possibility of bankruptcy and Merrill Lynch's prediction that oil will hit $US25 a barrel hit the energy shares. Australian stocks ...

Long Bond Returns Most Since 1995 Amid ‘Bubble’ Talk (Update2) - Bloomberg
Dec. 2 (Bloomberg) -- Thirty-year Treasury bonds are returning the most since 1995 as investors bet the Federal Reserve will buy the securities to help bring down long-term borrowing costs. The so-called long bond has returned 27.8 percent this year ...

Hawaii sells $227.8M in bonds - Pacific Business News
Hawaii sold $227.8 million of general obligation bonds to fund various capital projects, Gov. Linda Lingle announced Wednesday. The sale included $26 million of taxable bonds to complete the acquisition of Kukui Gardens housing project. The state ...

Last Call for Smart Homeowners - Motley Fool
Ever since the government bailout of Fannie Mae (NYSE: FNM ) and Freddie Mac (NYSE: FRE ) , the mortgage markets have seen wild swings in lending rates. So it's only fitting that to try to ease homebuyers' concerns about being able to get or ...

State of Hawaii Sells $227 Million in Bonds - KGMB9
Governor Linda Lingle announced today that the State of Hawai'i successfully sold $227.8 million of general obligation bonds to fund various capital projects of the State, including public school facilities, University of Hawai'i projects and other ...

UPDATE 2-Italy's Carlo Tassara reaches initial debt deal - Forbes
MILAN, Dec 1 (Reuters) - Italy's Carlo Tassara SpA reached a framework debt accord with some banks, the holding company said on Monday -- debts which include 1.3 billion euros ($1.64 billion) owed Royal Bank of Scotland and BNP Paribas . Carlo ...

Punch plunges after bearish forecast - Financial Times
Punch Taverns slumped after its house broker on Monday said shareholders of the pubs group risked being wiped out. In a sector note, Morgan Stanley analyst Jamie Rollo cut earnings forecasts by an average of 25 per cent to factor in a deep multi-year ...

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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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