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News about Mortgages:
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 ...
Real Estate - 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 ...
Hanging onto the house in the short term - Providence JournalWASHINGTON — Rosa Chavez and her husband scrounged together $164,000 for a down payment of more than 20 percent on their four-bedroom colonial in Fort Washington, Md. The money came from the profit they made off a smaller house plus their savings ...
Feeling the squeeze: For many families, wages aren't keeping up with ... - Missoulian“I don't think we would go down there if it weren't for the kids,” says Kristina Degele of her occasional trips to the Missoula Food Bank. While Kristina stays home with 3-year-old Alexis and Damian, 1, husband Joseph is earning $18 an hour ...
Home Value Highwire - WTOP RadioWASHINGTON - More new and existing homes are being sold in our region and across the nation. This week's Home Value Highwire looks at the benefits of a buyer's market. When Diana discovered her mortgage payment would be about the same as her rent ...
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.
Buyers 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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