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Price drop for homes not as bad in Denver - Rocky Mountain NewsIt may be small consolation if you bought a home in the Denver area at the top of the market, but the local residential real estate market is in far better shape than almost any other major metropolitan area in the country. The most recent S&P/Case ...
Commercial real estate at risk - Denver PostNEW YORK — The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of ...
Mortgage rates...huh? - San Francisco ExaminerYou hear a rate drop announced on the news. You make a mental note to call your mortgage broker. It must be time to refinance, right? There’s a very simple answer to that question…maybe. I am not an economist. My head starts to spin when people ...
Mortgage rates hit record low but home equity lacking - Pueblo ChieftainWASHINGTON - Mortgage applications remain at their highest level in more than five years as borrowers take advantage of record-low rates and rush to refinance their home loans. Some lenders are advertising rates of 5 percent or lower on 30-year fixed ...
Super Value In Groceries - ForbesSuperValu's name and ticker symbol, SVU, are quite contradictory. One indicates a value manager's dream--super value, a great investment--while the other is an acronym for the special victims unit--a value trap, a value investor's nightmare. Which ...
Colo. firms shed $107 billion - Denver PostColorado's public companies lost nearly $107 billion in market value last year during the worst shellacking for U.S. stocks since 1931. That's the price tag on the 51 percent decline suffered in the Bloomberg Colorado Index, a basket of publicly ...
Vacancies in office buildings rise faster - Seattle TimesVacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. With job cuts rampant and ...
High office building vacancies may mean trouble for banks - New London DayVacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. With job cuts rampant and ...
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 ...
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