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Buyers find deals in home-market crash - Appeal-DemocratLOS ANGELES — California homebuyers sprung to life in July, pouncing on foreclosed homes and deeply discounted properties but largely ignoring pricier homes that have been languishing on the market, a research firm said Tuesday. Buyers drove sales ...
Mortgage defaults increase - San Francisco GateDreamWorks to begin major studio expansion 08.19.08 Nurses union reaches deal with Mills-Peninsula 08.19.08 Small is big at Intel Developer Forum 08.19.08 Oil drops below $113 on good news about storm 08.19.08 In the Bay Area, 2,910 homeowners ...
RSS Feed: Local News - Tracy PressA homeowner shot and wounded a man who he said was trying to steal a motorcycle from the back of his pickup early Friday morning on the 100 block of Victoria Court. Police barricaded the street after the shooting shortly after 3:30 a.m., and the ...
There's Gold In Them Thar Hills! (And I'm Digging For It) - CNBCToday, I'm a gold digger. Literally. I'm in gold country reporting on the "second gold rush." Would-be gazillionaires began descending on the mother lode country this year as gold prices rocketed. Geologists say 80-90 percent of the gold is still in ...
Radio & TV Talk - AccessAtlantaAll the entries posted in February. ABOVE: Cadillac will remain. Kristen, who was with him as the Kicks morning team for two years, is out. ABOVE: Rhubarb Jones is out after 22-plus years. Dallas McCade survives, though she might end up at Kicks. I ...
Surreal Estate - San Francisco GateIn a time when tens of thousands of people are losing their homes to foreclosure, house prices are falling and the mortgage industry is being criticized for its part in the credit crisis, it's not surprising that some disputes end up in court. But ...
Bank of Commerce Holdings(TM) Reports Income of $6.1 Million for 2007 - Yahoo FinanceREDDING, Calif., Feb. 1 /PRNewswire-FirstCall/ -- Bank of Commerce Holdings (Nasdaq: BOCH - News ), a $618.3 million asset financial holding company, and parent company of Redding Bank of Commerce(TM), Roseville Bank of Commerce(TM), Sutter Bank of ...
Palm Drive stays optimistic despite poor credit rating - North Bay Business JournalSEBASTOPOL – With the earliest projections for breaking even only two months away, Palm Drive Hospital continues to explore its financing options after receiving both favorable and unfavorable news last week from two credit rating agencies. With ...

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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.
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