Georgetown Mortgage Refinance and Information Online from competing Lenders
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News about Mortgages:
LIKE A HOUSE ON FIRE - New York PostWashington is abandoning its feel-good outlook and appealing for help from Congress and the financial industry to fix the worsening housing recession before it wreaks more havoc. Treasury Secretary Henry Paulson yesterday reversed himself with a bold ...
McCain's plan to overpay mortgage lenders - SalonThe McCain mortgage bailout mystery thickens. Even though a good case can be made that the plan is a repackaging of earlier Democratic efforts to get aid to homeowners, the Obama campaign is opposing it: John McCain wants the government to massively ...
The Feds' Next Step After Rescuing Banks - BusinessWeekBy Jane Sasseen So far, attempts to slow the foreclosure epidemic at the center of the crisis have had little impact. Despite "voluntary" industrywide efforts to rework troubled mortgages—efforts that Treasury Secretary Henry Paulson jawboned banks ...
North Carolina the first unanimous preseason No. 1 - FOX NewsNot only are the Tar Heels No. 1 in The Associated Press' preseason Top 25, they are the first unanimous No. 1 since the preseason poll began in 1981-82. North Carolina has the top six scorers _ including national player of the year Tyler Hansbrough ...
Our Family Legal Expert Answers Your Questions - CNBCQ. What is the rule of thumb on refinancing real estate if the property is held in a Revocable Trust? -- Stewart, CA A. First of all, congratulations for having your real estate owned in the name of your revocable living trust. This is the best way ...
Maryann Haggerty and Elizabeth Razzi - Washington PostWelcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...
That sinking feeling - Delaware OnlineFrom the moment in March 2006 when Melissa and Greg Thomas moved into the $445,000 house they built on five acres in Clayton, they knew they could barely afford it. Because of various problems that arose during construction, the Thomases have been ...
The crisis has hardly begun - Online Journal“The prospects of a government rescue for the foundering American automakers dwindled Thursday as Democratic congressional leaders conceded that they would face potentially insurmountable Republican opposition,” reported the NY Times last Friday ...
America’s economic crisis is beyond the reach of traditional ... - Online JournalBy most accounts the US economy is in serious trouble. Robert Reich, an adviser to President-elect Obama, calls it a “ mini-depression ,”and that designation might be optimistic. The Russian economist, Mikhail Khazin says that the “ U.S. will ...
Henry Paulson's Priorities - Common DreamsBy Bush administration standards, Henry Paulson, the Treasury secretary, is a good guy. He isn't conspicuously incompetent; and he isn't trying to mislead us into war, justify torture or protect corrupt contractors. But Mr. Paulson's actions reflect ...
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