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News about Mortgages:
Choosing between home and health care - Arlington Heights Daily HeraldMedical debt is putting more patients at risk of losing their homes. • Consumer advocates say people generally shouldn't refinance or use home equity to pay medical bills. • Hospitals are often more willing than banks to forgive debts or set low ...
Facing a Choice Between Home And Health Care - Wall Street JournalThe housing market's collapse is forcing a growing number of Americans sitting on large medical bills to choose between paying the mortgage and paying the doctor. People have long resorted to borrowing against their homes to pay for medical care in ...
Schools, businesses feel effects of neighborhood's misery - San Diego Union-TribuneCHULA VISTA – During the first half of the decade, when home prices were soaring, the Rev. Carl Dreves watched in amazement as new neighborhoods took shape in sprawling Otay Ranch. Prospective buyers recently toured a three-bedroom model home that ...
Huntley acts to secure longtime resident's home - Courier NewsHUNTLEY -- An ordinance unanimously approved by the village board recently will keep longtime resident Mary Ellen Moerke from being forced to leave her home. "I don't like having a threat hanging over my head," Moerke said. "I get to stay there until ...
Fort Myers home resales up in October, prices keep falling - Naples Daily NewsA total of 805 single-family homes sold with the help of a Realtor — up 122.4 percent from a year ago, according to the Realtor Association of Greater Fort Myers and the Beach Inc. Meanwhile, values continued to fall in a market that’s plagued by ...
Debt looms for Fortress - Steamboat Pilot & TodaySteamboat Springs — Nine months after outgoing Intrawest chief Alex Wasilov said Fortress Investment Group was prepared to infuse Steamboat Ski Area’s parent company with large amounts of capital, Intrawest faces an Oct. 23 repayment deadline on ...
Is the era of easy credit over for the long haul? - Yahoo NewsAn inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels. But sitting ...
Borrowing for prosperity no longer an option - Pottstown MercuryNo comments posted. Dolores Holmes stands on the porch of The Bridgestreet House Bed & Breakfast that she owns in Lambertville, N.J. AP Photo Dolores Holmes stands on the porch of The Bridgestreet House Bed & Breakfast that she owns in Lambertville ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
BLOG: Up to 100,000 at Obama rally Sunday - Rocky Mountain NewsDemocratic presidential candidate, Sen. Barack Obama, D-Ill., arrives at a rally in Fort Collins, Colo., Sunday, Oct. 26, 2008. Video: With nine days to go before Election Day, Sen. Barack Obama's rally in downtown Denver's Civic Center Park draws an ...
Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
View all Terms