Alachua Mortgage Rates and Information Online from competing Lenders

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Massive new programs aimed at loosening credit - Gainesville Sun
WASHINGTON (AP) _ Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit cards, auto loans, mortgages and other borrowing ...

Letters to the Editor - November 27 - Gainesville Sun
Our three great automobile companies — General Motors, Ford and Chrysler — are in desperate financial trouble. The problem is that they cannot compete with foreign competition. Why? The answer is medical insurance costs. The big three pay medical ...

November 2008 - Palm Beach Interactive
Gov. Charlie Crist wants to have a temporary foreclosure freeze in place by next week, he said this morning. Crist said he is meeting with bankers to try to come up with a deal without having lawmakers involved that would stall foreclosure ...

Loans available, but it's tougher to get them - Gainesville Sun
Local banks say they're still making home loans, though restrictions are much tighter than during the housing boom of a few years ago. Carl Walls, president of Florida Citizens Bank, which has eight branches in Alachua County and Marion County, said ...

New twist in housing saga - Gainesville Sun
Bargain hunters are driving up sales in cities and states hit hardest by the housing bubble even as prices continue to plummet, while sales are still down in areas like Gainesville that largely escaped the subprime mortgage collapse that is hampering ...

Loans still available — for some - Star-Banner
OCALA — Tina Carr will hold her breath for the next few days. She is waiting to hear from her bank to see if she can pre-qualify for a loan for a home. She met last week with an Alarion Bank loan officer, dropped off financial records, tax returns ...

Cows the size of ponies - High Springs Herald
In this section Cows the size of ponies Proposed bottled water plant may take water from Fort White system Alachua annexes land over county's protest Mary Lois Forrester: the woman who makes history, then records it High Springs getting revved up for ...

Obama wins presidency after historic election - Independent Florida Alligator
After months of traveling, campaigning and debating, Sen. Barack Obama of Chicago, Ill., was chosen as the 44th president of the United States on Tuesday night. Obama has served as a senator for Illinois since 2004. He will be the country’s first ...

Lean times during the holidays - Star-Banner
OCALA — Hitting rock bottom was something that happened to other people. Click to enlarge After a series of health problems, Linda Oglesbee, front, retired from her teaching job in Marion County. Once middle class, she finds herself in need of ...

No data currently available. - FoxBusiness.com
If you¿re like the vast majority of the population, buying a home is the largest personal investment you will ever make. You're buying something that¿s many times your yearly salary with the intention of holding onto that home for many years. The ...

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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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