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News about Mortgages:
Help For Families Facing Foreclosure - WCPOThere's new hope for Tri-state families who face the possibility of foreclosure. For many families owning a home is the American dream. But thanks to variable interest rates, homeowners are finding their mortgage payments too much to handle ...
Business Briefs - March 2008 - Everett HeraldA helicopter flight school at the Arlington Airport has closed, and local students are out tuition money after the school’s Nevada-based operator filed for bankruptcy. The Silver State Helicopters school in Arlington, along with more than 30 other ...
You're on your own - Arkansas TimesEarlier than usual, I leave it in the capable hands of blog readers. I have to check out of my San Francisco hotel and wander the streets until a red-eye flight at 1 a.m. I had a great stroll this morning through Chinatown, packed with throngs of ...
Over your head? - Toronto StarOver your head? Laurie Campbell, executive director of Credit Canada, a non-profit organization that offers free credit counselling, raises these red flags: Needing a credit card for everyday expenses. Borrowing from one card to pay another. Delaying ...

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Today's Mortgage Terms starting with E
Equity: The difference between the current market value of a property and the total debt outstanding against the property.
Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
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