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'Refinance' may be watchword of 2009 - International Herald Tribune
The dictionary publisher Merriam-Webster chose "bailout" as its word of the year for 2008. Next year, it might be "refinance." Companies worldwide have $4 trillion in debt due to be repaid or renewed in the next 18 months. Working out what to do with ...

The SCAM behind NAIS - "Our Land: Collateral for the National Debt" - OpEdNews.com
I consider Wayne Hage one of the most intelligent men I ever met. On our very first visit he was explaining the World Bank, the International Monetary fund and how the world bankers planned on collateralizing the world debt with land. Not just the U ...

Petrol companies told to cut prices at pumps - Times Online
Petrol and energy suppliers came under fire from ministers yesterday in an attempt to shame them into cutting pump prices and household bills. Emboldened by international praise for tackling the banking crisis, Gordon Brown accused petrol retailers ...

Iowa Man Sentenced to 10 Years in Prison for Running Over Black Boy - FOX News
Mark Hennings was found guilty in September. He was sentenced Friday in Webster County District Court. Prosecutors say Hennings ran the child over on June 2, 2007, as the boy walked with friends near the Fort Dodge Public Library. Court records show ...

KB Home - Chicago Tribune
A collection of news and information related to KB Home published by Tribune Company sources. This listing represents real-estate transactions valued at $300,000 or more. Smaller transactions can be found online at OrlandoSentinel.com in the Public ...

Giants PK John Carney inactive for Ravens game - FOX News
Carney, the oldest player in the league at 44, has hit all 27 of his extra points and 21 of 22 field goal attempts for 90 points. He was signed days before the start of the season because of a knee injury to Lawrence Tynes. Tynes returned last week ...

Paterson: ‘This is not a reality show; this is not a game’ - Times Union Blogs
“There are two ways the public should be concerned. One is just the effects of the cuts. I think we all know that they will be pretty severe — we’re in that kind of a situation. … The other concern they should have is that we haven’t gotten ...

Constitution candidate uneasy about entitlements - Columbia Missourian
HOMETOWN: Webster Groves. PERSONAL: 41. He is married and has one son. PARTY AFFILIATION: Constitution CAMPAIGN WEB SITE: rensingforltgovernor.com OCCUPATION: Certified signing agent in the mortgage industry. EDUCATION: Between 1986 and 1991, Rensing ...

State of Fairfield finances well positioned, says Flatto - TriVallyCentral
In the midst of the fiscal and credit crisis across the nation, First Selectman Ken Flatto and Fairfield Chief Fiscal Officer Paul Hiller met with the press, Thursday, Oct. 2, to inform the public about the financial issues affecting the town and how ...

A Credit Deficit or a Democratic Deficit? - Huffingtonpost.com
Economic remedies for the fiscal crisis continue to frustrate their political backers. On that black Monday when the U.S. Congress refused to pass the 700 billion dollar bailout, the market plummeted 477 points. A few days later, after Congress ...

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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
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