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Financial advisers give tips on managing your money - Enid News & EagleAs the year comes to a close, consumers should do a self-audit of their financial spending for the year and help them budget for next year. Sharon Hume, Wymer Brownlee & Associates’ executive tax director, and Stephen O’Neill, financial ...
Bertie Ahern presented with award for contribution to security in ... - IndependentShare Former Taoiseach Bertie Ahern was presented with a top award from the Irish security industry by Finance Minister Brian Lenihan at an award ceremony in Dublin . The ISIA Premier Award is given to people who make a contribution to security on ...
GMAC no longer sole GM car financier - ninemsnGMAC will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp. vehicles, and it will stop financing leases under a complex deal to get federal aid for the troubled lender. GMAC LLC disclosed the terms ...
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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