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News about Mortgages:
House prices fell by 16.2% in 2008 - Kingston GuardianHouse prices plunged by 16.2% during 2008 in the biggest drop for a calendar year on record, Halifax said. Last year's price plummet, which came after the average value of a property in the UK fell 2.2% in December, was the biggest year-on-year fall ...
House prices in biggest annual fall - Kingston GuardianHouse prices fell by 15.9% during 2008, the biggest annual drop on record, new figures showed. The average cost of a UK home dropped by a further 2.5% in December, dashing hopes that November's slide of 0.4% marked a stabilisation in the rate at ...
Despite ethics probe, most local lawmakers support House speaker - EnterpriseState Rep. Thomas Calter, D-Kingston, is expected to be in the minority of state representatives who will vote to not re-elect House Speaker Salvatore DiMasi to another term as speaker on Wednesday. DiMasi, D-Boston, is under ethical scrutiny for ...
Letter of the Day - Edmonton SunOwners and players in professional sports are in big trouble. In my opinion, they deserve it. The New York Yankees have signed A.J. Burnett, a pitcher of limited talent, for $82.5 million over five years. He pitched 221 innings last year with the ...
Engineer: Tenn. ash spill warning signs ignored - Buffalo NewsThe nation's largest government-run utility ignored two small leaks that could have provided a warning years before a coal ash pond collapsed, flooding a neighborhood with a billion gallons of sludge, a former federal regulator contends. Jack Spadaro ...
7 hospitals in NY accused of $50M Medicaid fraud - Buffalo NewsFour hospitals in New York state paid kickbacks to get more patients into their drug treatment programs, which billed Medicaid for services that weren't standard or necessary and lacked state certification, lawsuits allege. Another hospital paid ...
Why Holyrood and Westminster need similar solutions - HeraldTHE £2bn BRIDGE: An artist's impression of the new Forth crossing. John Swinney argues that since the Scottish Government has no control over the timescale, the Treasury should be more flexible. THE future may judge that the PFI process started with ...
2009 will be bumpy - Edmonton SunBUCERIA, Mexico -- I'd have to be Merlin's cousin to prognosticate the coming year accurately. So much to consider and so much fluff clogging the trap. Barack Obama assuming the U.S. presidency this month makes things even harder to figure. He ...
Obama supports $300-billion tax-cut plan - Globe and MailHenry Bollingbroke from Canada writes: Typical Voter: It's pretty easy really. Obama ran on these promises in the last election. Harper did not. Harper promised on the day before the election that he'd never run a deficit. Obama had more smarts. In ...
New Forth Bridge plan in disarray - ScotsmanPLANS for a new Forth road bridge were in disarray last night after the UK Government threw out a request to give the SNP administration a multimillion-pound cash advance. Scottish finance secretary John Swinney had asked Westminster for the cash ...
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.
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