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News advisory: CNW to Carry Canada's Economic Update Reaction - CNW GroupTORONTO, Nov. 26 /CNW/ - The following organizations are expected to comment on Canada's Economic Update: Canadian Association of Accredited Mortgage Professionals Canadian Association of University Teachers Ernst & Young Federation of Canadian ...
The race begins for tide power bonanza - ScotsmanTHE race to develop Scotland's seas into the "Saudi Arabia of marine power" is about to start, with plans for 500 underwater turbines in the Pentland Firth. The Scotsman can reveal that an Australian company is already preparing a serious bid for the ...
'Acting? It's cobblers' - Guardian UnlimitedCredit was already crunching when the cast pulled on their smocks and waistcoats to film Charles Dickens' Little Dorrit but the BBC's drama department cannot possibly have imagined how perfectly this tale of fraudulent financiers and tragic bankrupts ...
Old National Bank opts in for federal bucks - Southern IllinoisanCARBONDALE - The $700 billion spending plan Congress passed earlier this month to help steady the teetering economy is making its way to at least one Midwest bank with a presence in Southern Illinois. Officials with Old National Bank announced ...
Letters, 10/30: Listen up, students - Lincoln Journal StarAs a college student, I feel lucky to be receiving my education at such a historical time. Students need to listen carefully to what politicians are actually saying and be informed before they vote, regardless of party affiliation. Students, and all ...
Parents abandon private schools as downturn bites - Sydney Morning HeraldPlease sir ... the principal of St Aloysius in Cronulla, Phillip Tax, yesterday. He is worried more families are struggling with fees. THE global economic crisis is forcing parents to pull children out of private schools and fall back on the state ...
Put the blame for this deal on the reckless HBOS chiefs - yorkshirepostFrom: Brian White, Britannia Close, Chilcompton, near Bath, Somerset. THE facts are quite simple. HBOS was stupid enough to lend more money than it was able to raise in a rational and sensible way in accordance with long-established banking criteria ...
We back Sun over Baby P - The SunEvery professional involved who failed to do something to stop this abuse should at least be fired and, at best, be tried for aiding and abetting killing. MANDY FRANCIS Cheshunt, Herts I BACK The Sun’s campaign to have four social workers and one ...
Will this be the end of prostitution? - Women.timesonlineWhen Richard Gere picked up Julia Roberts in his Lotus Esprit in Pretty Woman, it was the start of a great Hollywood romance. The classic prostitute with a heart of gold, she was transformed almost instantly into a glamous sex kitten, equally at home ...
Hip-Hop Rumors: No More iTunes... - allhiphop.comI don’t know who told this to Atlanta Gossip, but their sources are saying that Janet Jackson is pregnant! Well, we all heard that one and we already have been told that she wasn’t sick because of a pregnancy. Still, a reliable source says the 42 ...
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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