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Councilwoman Evans grills finance director - Nashville City PaperDistrict 23 Councilwoman Emily Evans pressed Metro Finance Director Richard Riebeling about his decision to refinance $59 million in municipal bonds during an uncomfortable Council budget and finance committee hearing on Monday. Evans, who has a ...
Metro may borrow $59M from Clarksville - Nashville PostMetro Council will consider a resolution at its meeting next week to approve a $59 million loan agreement with the Clarksville Public Building Authority. The loan agreement would refinance an adjustable-rate municipal bond issued in 2006 during Mayor ...
Metro forced to remedy $59M in bonds - Nashville City PaperA potential loan agreement between Metro and the Clarksville Public Building Authority came after a German bank had its rating downgraded, leaving Metro looking at a ballooning repayment rate on $59 million in variable-rate bonds. When the German ...
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