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What you need to know about refinancing - WSLS
Debi Clingempeel has been waiting patiently for almost a year now. With interest rates nearing historic lows, Clingempeel has been waiting to refinance. “My current interest rate is at seven percent, and I wanted to get it down to about 5.5 ...

Roller coaster year for the economy, in Dublin too - Tribune-Chronicle
WHEW. WE MADE IT! We endured one of the biggest roller coaster years in U.S. history. We witnessed unprecedented — even unfathomable — events occur that have impacted nearly everyone in the country, including in our little community. One of the ...

Big S&P Rally Means Low Probability of IPO Rebound Before 2011 - Bloomberg
Jan. 5 (Bloomberg) -- Even if the Standard & Poor’s 500 Index rallies 24 percent this year, there’s little chance of a similar rebound in U.S. initial public offerings. It may take until 2011 for the number of companies going public to return to ...

RSS Feed: Local News - Tracy Press
Though the owners of Tracy’s West Valley Mall are fighting to stave off bankruptcy, local officials say the retail center’s business will continue as usual. A shopper walks out of the West Valley Mall Friday afternoon. The mall’s owners face ...

Real-estate agents optimistic about 2009 - Daily Interlake
Real estate sales fell in Flathead County for the second straight year in 2008, but agents and lenders are optimistic about 2009. With the lowest interest rates the industry has seen in decades and several loan options available for those who qualify ...

Dear Mr. President - Las Vegas Sun
The new year will bring the inauguration of a new president, Barack Obama. The Sun invited several Southern Nevadans to write the president-elect, sharing their priorities for his administration and their hopes and dreams for themselves, the ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Call InBev’s board proposal self-serving? Check. Play up experience, independence and sophistication of existing A-B board? Check. Make ...

2008 The Year in Review, - Manhasset Press
Nighttime closures on the Roslyn Viaduct construction begin Jan. 21 for the protection of motorists and workers. The Tower Foundation of Manhasset holds presentations on Interactive Whiteboards (IAW). Tower's goal is to place an IWB in every ...

Final sermon for Rev. Otis Moss Jr. - Cleveland Plain Dealer
Jan. 1: Former Benedictine High School coach Augie Bossu , who led football and baseball teams at the school from 1953-2006, dies at 91. The FBI resumes its search for the mysterious "D.B. Cooper" who hijacked an airliner in 1971, then parachuted ...

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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.

    View all Terms
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