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ProLogis Closes $104.7 Million Portfolio Financing for ProLogis North ... - Denver PostDENVER, Dec. 2 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities and services, announced today that it has closed a $104.7 million, secured financing with a large institutional investor on behalf of ...
Fed Aid Sets Off a Rush to Refinance - Wall Street JournalThe Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs. Some ...
Credit tight for hospitals, colleges - Milwaukee Business JournalThe national credit crunch is taking its toll on southeast Wisconsin hospital systems and one Milwaukee-area university as they have been forced to scale back plans for refinancing debt and, in one case, financing construction projects. The difficult ...
General Growth Properties gets loan reprieve - Buffalo NewsGeneral Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders. The mortgages cover two ...
Man Arrested in Gruesome Killing of Ark. TV Anchorwoman - FOX NewsLITTLE ROCK, Ark. — Police have arrested a man charged with capital murder in the October beating death of Little Rock television anchor Anne Pressly. Police Chief Stuart Thomas said at a news conference that the charge against Curtis Lavelle Vance ...
Homeowners say no help from lenders - Contra Costa TimesDAWN AGUIAR sits outside her Fremont home Thursday. She says she tried to work on her mortgage problem, but the lender talked down to me like I was a deadbeat. ( AHBECK/STAFF) Numerous homeowners who have beseeched lenders for help with restructuring ...
US commits $800 billion more to bail out consumer credit and mortgage ... - World Socialist Web SiteUS Treasury Secretary Henry Paulson announced Tuesday another extension of the Bush administration’s bailout of the financial system, committing $800 billion towards lending programs aimed at preventing the collapse of the home mortgage and ...
Aurora schools deserve the support of voters - Denver PostIt is a difficult time for any ballot question asking voters to commit to new expenses. But we hope Aurora voters will give careful — and positive — consideration to funding requests from Aurora Public Schools. The district is asking for a $215 ...
Magna Entertainment Corp. Announces Extension of Senior Secured - MSN MoneyCentralAURORA, ON , Nov. 17 /PRNewswire-FirstCall/ - Magna Entertainment Corp. ("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A) today announced that it has extended the maturity date of its $40 million senior secured revolving credit facility (the ...
Maryland voters approve video lottery terminal initiative - CNW GroupAURORA, ON, Nov. 5 /CNW/ - Magna Entertainment Corp. ("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A) is pleased to report that on November 4, 2008 Maryland voters approved the proposed state constitutional amendment authorizing the State to issue ...
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