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City hall complex project to total over $7 million - Daily TelegramIf the city of Adrian pursues refinancing some of its debts, it will spend more than $10 million when the cost of the city hall complex is included. City administrator Dane Nelson said at a pre-meeting scheduled before the commission’s regular ...
NIALL FERGUSON ON OBAMA AND THE GLOBAL CRISIS - Der SpiegelIn a SPIEGEL interview, British historian Niall Ferguson discusses Barack Obama's historical election, Europe's hopes for the new president, the consequences of the economic crisis and his idea of "Chimerica" -- the economic alliance between Beijing ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Turkoglu helps Magic beat Bobcats 90-85 - FOX NewsMickael Pietrus scored 18 points, Rashard Lewis had 17 and Jameer Nelson had 15 for Orlando. All-Star center Dwight Howard was shut down by Charlotte's defense, scoring just four points, and fouled out for the first time this season with 3:18 ...
Maid-Turned-Realtor Ran Vegas Mortgage Scam, Prosecutors Say - BloombergOct. 30 (Bloomberg) -- Eve Mazzarella was a Las Vegas success story. The high-school dropout and former housemaid moved to the Nevada city in 2000 from Seattle, got a certificate from the ABC Real Estate School and started selling houses in what ...
Market Insider Video Gallery - CNBCStock prices are a bit squishy this morning. There is little on the data front, with wholesale trade at 10 a.m. the only number to watch today. Congressional votes late yesterday approving an economic stimulus plan should be a psychological boost ...
Helensvale, Gold Coast, feels mortgage pain, Fitch Ratings says - News.com.auHELENSVALE, on the Gold Coast, has been named as the most mortgage-stressed suburb in Australia by the global ratings agency Fitch Ratings. The Gold Coast and Sydney's Vaucluse have joined southwestern Sydney as the areas suffering the most from ...
Mortgage-market revival: Try, try again - CNN MoneyNEW YORK (Fortune) -- The feds are trying once more to resuscitate the mortgage market. But history shows reviving this patient won't be easy. The Federal Reserve said Tuesday morning it would spend $600 billion in coming quarters to buy the bonds ...
After the Building Boom - Wall Street JournalThe economy's swoon and Wall Street's woes are taking a particularly specific and tough toll on art museums. The art boom of the past two decades, and the resulting skyrocketing costs of acquisitions and insurance, led museums to staff their boards ...
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