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VeraSun Energy Receives Final Bankruptcy Court Approval for Debtor-In ... - Yahoo FinanceSIOUX FALLS, S.D., Dec. 4 /PRNewswire-FirstCall/ -- VeraSun Energy Corporation announced that the U.S. Bankruptcy Court has entered orders granting final approval for debtor-in-possession (DIP) financing totaling $196.6 million, including $93.6 ...
Missing Florida Boy Found After Amber Alert - FOX NewsAn anonymous tipster contacted the Hialeah Police Department on Wednesday night, saying they had spotted a car that matched information from an Amber Alert issued for 6-year-old Ar'Marion Hargrove. Hialeah police located the white four-door Chevrolet ...
Public loan programs take center stage at forum - Charleston Post & CourierThe once-torrid affair between homebuyers and purely private financing sources is over. The financial markets have lost that loving feeling with mortgage-backed securities, forcing a tightening of lending standards. So last week, local real estate ...
Federal help coming to deal with vacant homes - Kokomo TribuneThe downside of foreclosure is on full display at the Holiday Inn Express on a clear October day. Auctioneers from Dallas-based Hudson & Marshall have six homes on the block today, bank-owned repossessions from Marion, Bunker Hill, Sharpsville and ...
2008 Election - OregonianDiane McKeel will take a seat on the Multnomah County Board of Commissioners in January, after a narrow come-from-behind victory. McKeel, the executive director of the West Columbia Gorge Chamber of Commerce, said she will spend the next two months ...
Sheafe House demolition OK'd after judge rules time was up - CitizenErin Plummer/Staff Photo AN EXCAVATOR with Spears Brothers of Laconia tears apart the second building of the Sheafe Harbor House on Wednesday. The main building was demolished on Tuesday and the remaining building is scheduled for wrecking soon. The ...
6th District hopefuls spar - Charleston Post & CourierThey disagreed most pointedly on the Fair Tax, a plan to replace the federal income tax with a national sales tax. Harrelson, 54, a Republican political newcomer who works as a construction manager in Marion, supports the Fair Tax, which she said ...
Bad bond deal at City Hall expected to cost New Orleans taxpayers $400 ... - New Orleans Times-PicayuneAs disastrous moves go, it would be tough to top the city of New Orleans' decision eight years ago to sell $171 million in bonds and invest the proceeds in the stock market as a way of shoring up an underfunded pension plan for firefighters. As if on ...
Mortgage Meltdown - Daily Business Reviews momentum gains for a U.S. government-sponsored plan to bail out distressed residential property owners, several South Florida congressional candidates caution any program should benefit primary homeowners and exclude speculators or owners of ...
The Crash That's Coming: More Bubbles Are Turning 'There Will Be Blood ... - Common DreamsNow that that this year's Oscars are history, imagine if you will, an awards ceremony honoring not the best of the best but the worst of the worst, not just spinoffs like the "Razzies" (the Golden Razberries) for movies. Who should we single out as ...
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