Erie Mortgage Rates and Information Online from competing Lenders

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Erie County Real Estate Transactions - Buffalo News
• 63 Fairlawn Drive, Edmund Karnofsky to Squire Shop Inc., $348,700. • 92 South Rockingham Way, GMAC Mortgage Llc to John F. Marcolini; Angela J. Marcolini, $340,000. • 248 Running Brook Lane, Drew A. Gundlach; Sandra L. Gundlach to Robert M ...

Bernanke: lower interest rates are "feasible" - Buffalo News
Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year. The Fed's key interest ...

NFTA lays out spending plan - Buffalo Business First
The Niagara Frontier Transportation Authority has offered the first glimpse at its proposed 2009-2010 budget, one that’s expected to increase by $11.5 million. The overall budget, pegged at $197.44 million or 6.1 percent above the current $185.9 ...

Two big banks cut mortgage rate - Edmonton Sun
TORONTO -- Two of Canada's big banks are cutting mortgage rates on a variety of terms, reflecting a drop in borrowing costs in the bond market, where banks finance their mortgage lending. The Royal Bank of Canada said yesterday it is cutting rates ...

Mother, daughter open specialty gift store - Windsor Star
Despite a struggling economy and amid fears of a recession, two Windsor women have taken what one calls a "leap of faith" by opening a small specialty gift store on the corner of Parent Avenue and Erie Street East. A Slice of Style, featuring unique ...

River projects planned - Leader-Herald
AMSTERDAM - Development plans continue to flourish as the Mohawk River undergoes a renaissance of sorts with more new projects being developed across Montgomery County. The river runs along more than 130 miles from the Utica area all the way to ...

Business is booming, says ‘flipper' - Monroe Evening News
Being in the housing business right now doesn't seem like a lucrative career. But for Rich Sammons of Monroe, it couldn't be better. Mr. Sammons is buying foreclosed houses, then reselling them at a tidy profit. There's a common name for his type of ...

TRUMBULL COUNTY - Vindicator
US Bank NA et al v. Travis Bachhofer, foreclosure. National City Bank et al v. Michael E. Bowser et al, foreclosure. Wells Fargo Bank NA v. Victor D. Byers et al, foreclosure. Deutsche Bank National Trust as trustee v. Anthony Cargill Sr ...

Banking blues - Ottawa Sun
As the worsening economic crisis threatens to leave ordinary Canadian families jobless, if not homeless, let us all shed a tear for the unimaginable suffering of the nation's beloved Big Banks. The Royal Bank of Canada (RBC), for instance, announced ...

Quiet day on TSX - Ottawa Sun
The energy sector was behind 1.2 per cent as the near-month crude oil contract slipped $3.73 to close at US$50.77 per barrel on the New York Mercantile Exchange. The Canadian dollar rose 0.63 cents to 81.63 cents US after surging 2.7 cents Monday. In ...

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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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