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News about Mortgages:
More Shasta County residents can afford to buy a home - Record SearchlightThe number of people who can afford to buy a home in Redding has reached the highest level in more than four years — thanks to falling values and low interest rates. Of the new and existing homes sold in the third quarter, 40 percent were ...
Russia-China $25bn Loan Talks set to Re-Open - Oilvoice.comRussia is set to re-open talks with China within the coming week to secure $25 billion in loans, for two cash-strapped Russian energy companies, in exchange for guaranteed long-term crude oil supplies in the opposite direction. The initial round of ...
Presidential race tops national ballot; statewide issues addressed - Harrison Daily Timeshe national ballot will be topped by the presidential race between Democrat Barrack Obama and Republican John McCain and Harrison-area voters will find Democratic U. S. Senator Mark Pryor facing an opponent, Green candidate Rebecca Kennedy, Tuesday ...
Bush to the rescue - Arkansas TimesThat bailout plan? Oh, never mind. Let's try something else. We are in the final days, thank goodness. I knew Obama and others would regret voting for this monster. It does leave open the question of whether, now that the bailout law has been passed ...
You're on your own - Arkansas TimesEarlier than usual, I leave it in the capable hands of blog readers. I have to check out of my San Francisco hotel and wander the streets until a red-eye flight at 1 a.m. I had a great stroll this morning through Chinatown, packed with throngs of ...
Austral Pacific Announces Interim Results - Oilvoice.comA one-off $3.3 million write-off has seen listed exploration company Austral Pacific post a $2.93m before tax loss in its third quarter. Austral Pacific yesterday filed its Q3 interim accounts. Austral Pacific chief executive officer Thompson Jewell ...
American Dream Sours as Housing Market Collapses - Common DreamsDENVER, Colo. - For Cathy Busby, May 1 marked a personal "Mayday!" as she was sucked into the housing crisis sweeping the United States. On Tuesday, she went into arrears on her mortgage after her monthly repayments soared by 40 per cent. The 47-year ...
Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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