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News about Mortgages:
Best & Worst in Money 2008: Best silver lining to the recession - Bloggingstocks.comThis post is part of AOL Money & Finance's Best & Worst in Money 2008 feature. Chicken Little's warning came as good news to astronomers hoping for a better view of the sky. In the same way, not all results of the economic morass of 2008 have been ...
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Mortgage freeze hard on self-employed - Rocky Mountain NewsThe government’s recent moves to backstop the mortgage market have made it easier for many people with decent credit scores to get a loan. But for many self-employed people — even those with pristine credit — the mortgage freeze has yet to thaw ...
Credit card companies quick to raise rates, fees - Atlanta Journal ConstitutionGreg Fischer was already fed up with Bank of America for doubling his credit card’s interest rate to 28.99 percent — the price for being a couple of weeks late with a payment in April. What sent him over the top, he said, was the bank’s ...
State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-ReviewIn a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
I still want to give away £1billion (but charities might have to wait ... - Daily MailThe sun was shining, not only on Sir Tom Hunter but also on the world economy, when the billionaire Scot invited TV cameras into his luxury villa in Cap-Ferrat in the south of France and announced his great philanthropic dream to give £1billion to ...
The Good Ol' Days of Evil - FOX NewsHalloween came and went and everyone saw lots of ghosts, goblins and funny looking creatures roaming the streets. We all knew most of them meant no harm — most evil things that can do real harm are a lot less obvious and much more deceptive. When I ...
Update from 6 p.m. Friday - WSAZCHILLICOTHE, Ohio (WSAZ) -- Charleston, W.Va., and the Mountain State were well represented at a Barack Obama rally Friday morning in southern Ohio. Front and center among the estimated 3,000 people gathered at the Ross County Courthouse in ...
Credit crunch sinks oilsands supplier - Calgary HeraldA Calgary company that had hoped to create riches for its shareholders by supplying gravel and limestone to billions of dollars worth of oilsands projects near Fort McMurray faces the prospect of a forced asset sale afterdefaultingondebtandfailing to ...
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