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Why Congress Is Failing America - SlateThough it's scarcely been mentioned in the fifth-anniversary commemorations, the 9/11 attack was a significant economic event. The World Trade Center may not have been home to many huge corporate headquarters or trading floors, but it was an ...
Why check with Land of Lincoln Credit Union FIRST for your next auto ... - WAND TVLow Rates -You owe it to yourself to check out Land of Lincoln Credit Union BEFORE you head to the dealership. We offer low rates on the models you want! Fantastic Terms - Choose from the following standard budget-friendly terms: 36, 48 60 or 72 ...
Bush declares region disaster area - NWITimes.comPresident Bush declared a disaster area across three Northwest Indiana counties Tuesday, and homeowners, renters and business owners can start applying today for FEMA assistance. Working outside his house on north Munster's pungent, debris-ridden ...
When a family loses its home - Syracuse Post-StandardDennis Nett / The Post-Standard Onondaga Sheriff's Deputy John Satalin posts a warning on the the belongings of Andrew Crysler, who was evicted from his home at 4692 Beef St., Onondaga, in a mortgage foreclosure. The belongings were put to the curb ...
McCain says government ’forced’ to bail out AIG - Natchez DemocratWARREN, Ohio (AP) — Republican presidential candidate John McCain, a day after flatly rejecting the idea of a taxpayer bailout for American International Group Inc., said Wednesday that the government had been ‘‘forced’’ into proposing an ...

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Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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