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News about Mortgages:
Economy and Ike were painful 1-2 punch - Houston ChronicleIt seemed a little too good to be true. When the subprime mortgage industry blew up and red-hot housing markets around the country went into a tailspin, Houston’s real estate market was weathering the storm. Home sales began to slow here in 2007 ...
Signs Show N. Texas Housing Crisis May Be Easing - CBS 11 NewsHousing Slump Makes For Buyer's Market (12/31/2008) New Home Sales At Slowest Pace In 18 Years (12/23/2008) Obama: HUD Pick Donovan Vital To Economic Plan (12/13/2008) E-mails Show Freddie, Fannie Heads Ignored Warning (12/9/2008) Couples Staying ...
Infusion of cash is key to Station’s viability - Las Vegas SunStation Casinos is hoping business will be strong in the coming weeks and that customers use some of the company’s coupons and offers flooding airwaves and mailboxes. The company’s viability depends on it. Executives aren’t saying much these ...
2008 The Year in Review, - Manhasset PressNighttime 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 ...
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.
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