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Mumbai attacks are tragic end to year for Tata - Business Times Malaysia
BANGALORE: At the beginning of the year it seemed Indian conglomerate Tata Group was on a dream run, first unveiling the world’s cheapest car and then buying the Jaguar and Land Rover brands from Ford Motor Co for US$2.3 billion. Tata Group was ...

Pulse of the economy: The new frugality - AZCentral.com
This time, it's hitting all of us. On Nov. 21, 10 Republic reporters and four photographers fanned out across the Valley to take the pulse of the Arizona economy. They asked everyday people, many of them solidly middle-class, how they were coping. It ...

Boston Tea Party, 2008 - Common Dreams
How dare you throw that tea into Boston Harbor! Such is the anti-democratic arrogance of the fear-mongering pundits and politicians who tell us if we taxpayers don't instantly give the Wall Street banking bandits a $700-billion bailout, we are ...

The Boston Tea Party Is The Future of Liberty - Nolanchart.com
Todd Andrew Barnett, in his second speech to the BTP attendees at the Boston Tea Party's National Convention online, tells us why the BTP is the future of liberty in America. [Note: This is the second and final speech I gave to the Boston Tea ...

Maryann Haggerty and Elizabeth Razzi - Washington Post
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...

Victorians battle as the economy bites deeper - News.com.au
SEVEN in 10 Victorians have been affected by the global financial crisis. Job cuts, financial and superannuation losses, price rises and a slump in home values, cars and other assets have hit about 3.5 million people in the state, according to a ...

George Osborne in trouble for forcing Oleg Deripaska into the ... - Times Online
George Osborne is fighting for his political life because his behaviour in Corfu has contributed to the blackening of the name of Oleg Deripaska, The Times has been told. Nathaniel Rothschild has acted against the Shadow Chancellor not only because ...

Darling details £50 billion bank bailout plan - Times Online
Chancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...

What Else Can Go Wrong? Travel Delays in Iraq - FOX News
Rick Leventhal and Col. Stacy Clardy. Click on the "behind the scenes" photos link within the blog for more snapshots from Iraq! Rick Leventhal and Col. Stacy Clardy. Click on the "behind the scenes" photos link within the blog for more snapshots ...

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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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