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Bipartisan energy bill a bad effort - North County TimesIf Patricia McFarlane (Letters, Feb. 25) had bothered to read the Energy Independence and Security Act, she might not have agreed with Nick Leibham. She states "that bill was a bipartisan effort." Fourteen Republicans voted for it, and seven ...
Latin American economy isn’t "immune" to U.S. crisis - Domican TodayWorld Bank says it’s better than 10 years ago Santo Domingo.- Although the Latin American economy isn’t "immune" to the crisis in the U.S., it’s in a better position than 10 years ago and Central America and the Caribbean will feel the effects ...

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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.
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