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New board in at Midway Fire - Gulf Breeze News
Joe Culpepper/Gulf Breeze News The new Midway Fire District Commission includes, from left: Joe McPherson, William Eaton, Jacque Gorris, Shellie Isakson and David Szymanski. The board meets at 7 p.m. on the second Tuesday of each month at 1322 ...

Health Notes - Daily Breeze
The Urgent Care Center (U.C.C.) of Southwest Florida continues its celebrating Urgent Care Awareness Week through Nov. 15. The public is invited to visit their state-of-the art facilities, and take advantage of a free blood pressure screening. This ...

Ford re-elected to state House - Pensacola News Journal
Rep. Clay Ford, a Gulf Breeze Republican, reclaimed his seat in the Florida House over newcomer Democrat Lumon May — but just barely. “It was not as large a margin as we’d hoped,” Ford said. “But a lot of that can be attributed to the Obama ...

CLYDE JACKSON - Gulf Breeze News
Clyde "Gannon" Jackson, 78, passed away Wednesday, Oct. 29. Jackson was born in Pensacola and graduated from Florida State University. After serving in the U.S. Army, he met the love of this life, Sarah, with whom he had 52 wonderful years of ...

Committed to professional service, market knowledge - Gulf Breeze News
AT RIGHT: Leslie Banks, May Stinson, Sheri Henry, Karen Jurkowich, Winnie Meehan, Sherry Grayson, Brenda Dick, Tani Godfrey, Cherry Fitch and Diane Bakarian stand ready to serve Resort Realty clients. (Clockwise from bottom left) Not pictured, Paula ...

Custom touches - Pensacola News Journal
"The trend is to create a spa-type or Zen environment that can help relieve everyday stress," said Doug Sprague of Sprague Construction Company, which built this home. Then maybe “value” is the trend you’re looking for. “As a builder focusing ...

Democrats hasten to solve dispute over Michigan and Florida delegates - International Herald Tribune
Race as gender remain entrenched major issues in the USA and is not likely to be fixed by either of the candidates. I, as voter, want to hear the proposals for offsetting the serious state of affairs regarding the economy. Joblessness is at an all ...

In a test of his candidacy, Obama makes sweeping speech on race - International Herald Tribune
Race as gender remain entrenched major issues in the USA and is not likely to be fixed by either of the candidates. I, as voter, want to hear the proposals for offsetting the serious state of affairs regarding the economy. Joblessness is at an all ...

Ike slamming Galveston area, misses Coastal Bend ... so far - Corpus Christi Caller
Will Friday be the calm before the storm? With the mall closed, flights out of Corpus Christi ending and the beach being covered with high tides, we may not have a choice. We'll update happenings around the Coastal Bend here all day and night. 9:49 P ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
Issue: Most Americans see 'judicial activism' crisis: Legal experts shocked by results of survey by American Bar Association publication /WorldNetDaily. DFO: Count me among those who believe the judiciary, particularly the federal judiciary and 9 U.S ...

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Today's Mortgage Terms starting with M

  • Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
  • Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
  • Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
  • Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
  • Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
  • Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
  • Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
  • Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
  • Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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