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Your career could use some resolutions, too - Bridgeton NewsLauren Herskovic's New Year's resolution is to "party more." As managing editor of CollegeCandy.com, a blog for college women started in Hoboken, Herskovic's responsibilities include writing columns about sex, relationships and partying. Being out of ...
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Fyi: Business - Tulsa WorldThe number of drilling units actively exploring for oil or gas in Oklahoma held steady at 159 this week, Baker Hughes Inc. reported Friday. The net rig count is 19 percent below the year-ago level, which was 197. Meanwhile, the nationwide number of ...
In Rough Economic Times, an Unlikely Hero: the Taxman - FOX NewsWASHINGTON -- As the nation sinks deeper into recession, the IRS is offering to waive late penalties, negotiate new payment plans and postpone asset seizures for delinquent taxpayers who are financially strapped, but make a good-faith effort to ...
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Dear Mr. President - Las Vegas SunThe new year will bring the inauguration of a new president, Barack Obama. The Sun invited several Southern Nevadans to write the president-elect, sharing their priorities for his administration and their hopes and dreams for themselves, the ...
The World Newser - ABC News BlogsGeorge Stephanopoulos interviewed Israeli Foreign Minister Tzipi Livni briefly today on Israel's decision to reject international calls for a 48 hour cease-fire . Livni said that a cease-fire "doesn't serve Israel" because Hamas will "abuse any kind ...
Falling gas prices good for drivers, bad for economy - ksl.comFrom what I've read, the demand for fuel has dropped anywhere between 2 and 4 percent since its record highs. But gas prices have dropped by over 67% in the same time span. I'm not buying the supply-and-demand BS -- it didn't make sense before, and ...
Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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