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Coastland Center owner in financial trouble - Naples Daily NewsThe owner of Coastland Center mall is facing financial woes and may be forced to file for bankruptcy. In a filing with the U.S. Securities and Exchange Commission earlier this week, Chicago-based General Growth Properties Inc. said it has about $958 ...
Motorcyclist hospitalized - Connellsville Daily CourierA Fayette County man was in fair condition Wednesday at Ruby Memorial Hospital in Morgantown, W.Va., after a two-vehicle wreck Tuesday in Menallen. Mark Lowery, 57, of Uniontown was eastbound on New Salem Road as a car driven by Mallory Perry, 20, of ...
Bits 'n' Pieces: Vancouver’s ‘House Hunters’ find hardship - Columbian(Suzie and John Custer of Battle Ground.) Mark, left, Madeline, Makayla and Rachel Workhoven. Rosi Oldenburg Mark and Rachel Workhoven had a not-so-happy ending after their home-shopping story appeared on an Oct. 5 episode of Home & Garden Television ...
Obama: Times too serious for petty attacks - Boston GlobeResponding to what is now a global financial crisis, Barack Obama today called for pragmatism not partisanship, offered some more detail on a plan to help small businesses, and tweaked his critique of Republican rival John McCain. "This is not a time ...
From Empire to Democracy - Common DreamsThis current financial crisis is a major way-station on the way to the collapse of the American empire. The first important sign was 9/11, with the most heavily-armed nation in the world shown to be vulnerable to a handful of hijackers. And now ...
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