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News about Mortgages:
Auto Sales Struggle As Big 3 Seek Deal - WSOC-TVThe Big Three automakers aren't the only businesses being hit hard by the turmoil in the auto industry. As General Motors Corp., Chrysler LLC and Ford Motor Co. face a Tuesday deadline to make their case to Congress for $25 billion in loans, car lots ...
Bridgewater Commons owner gets two-week reprieve on debt - MyCentralJersey.comWASHINGTON — Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions ...
Despite slumping real estate market, Madison's newest cohousing ... - Wisconsin State JournalAmid the toughest real estate market in a generation, a group of self-described amateurs has pulled off something of a miracle: selling all but three units in the 40-unit Arboretum Cohousing project. Long popular in Scandinavia but relatively new in ...
Investment pumps up Life Time's stock value - Minneapolis Star TribuneDeere's fiscal 4Q profit drops 18 percent BCE deal may be in jeopardy due to solvency issues Britvic's profit falls, but sales growth strong National Bank of Greece reports flat 3Q profit New jobless claims drop from 16-year high A Los Angeles ...
Redstone considers theater-chain sale - Cincinnati.comThe chain has theaters locally in Kenwood, Springdale, Forest Park, Mason, Milford, Green Township and Florence. Redstone told bankers he is willing to part with the 1,500- screen cinema chain as a possible step to raise money and meet debt ...
Pecanland owner receives extension to pay $900M debt - News-StarGeneral Growth Properties Inc. of Chicago, which owns Pecanland Mall in Monroe, is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer ...
Affordable Housing in Massachusetts Gets $10.2 Million Infusion - EarthtimesBOSTON , Nov. 26 /PRNewswire/ -- The Federal Home Loan Bank of Boston (the Bank) awarded more than $10.2 million as grants, loans, and subsidies to fund 390 units of affordable rental and ownership housing in seven Massachusetts communities. Of that ...
General Growth Properties, owner of The Crossroads in Portage, gets ... - Kalamazoo GazetteWASHINGTON -- Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions ...
General Growth Properties gets loan reprieve - Boston GlobeWASHINGTON— Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions ...
Market Report: Aegis rises on talk of move by Bolloré - The IndependentThe FTSE 250-listed media group Aegis was strong last night amid speculation about a possible bid or a break-up of the group after its chief executive, Robert Lerwill, steps down at the end of this month. Analysts said the business was ripe for ...
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