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Got a high credit card rate? Take control and break even! - Dallas Morning NewsScott Burns was a Dallas Morning News columnist for 21 years. Today he is a syndicated columnist and a principal of Plano-based investment firm AssetBuilder Inc. E-mail questions to scott@ scottburns.com. I just received my new credit card statement ...
Help ahead for U.S. housing? - Globe and MailKeep an eye on U.S. mortgage rates because they are low and likely headed lower, which will help consumer spending and eventually the dismal housing market. WHAT ARE THE EXPECTATIONS? The one-half percentage point rise in the yields on 30-year U.S ...
Does the Bank Rate matter? - bbcThere is a good deal in Evan Davis's remarks this morning on Today that all the fuss about whether the Bank of England should cut interest rates may be the equivalent of bald men arguing over who should have the comb - and his apology to my old ...
How the Middle East crisis affects oil prices - Globe and MailAs the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. Is the recent jump in oil prices directly related ...
Today's Mortgage Terms starting with E
Equity: The difference between the current market value of a property and the total debt outstanding against the property.
Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
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