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GuardHill expanding, undeterred by downturn - Greenwich TimeDespite the slow economy, some companies in the residential finance sector are thriving, including a New York City business that plans to expand its New Canaan office. GuardHill Financial Corp., a New York City-based mortgage broker, has said it ...
Rentals Up, Buyers and Sellers are Cautious - Connecticut PostReal estate agent Ruth Jones has been spending a lot of time lately trying to calm anxious clients who have homes on today's market. "It's like being a doctor and having to give a bad diagnosis," Jones said. "They're nervous. Their houses aren't ...
N.Y. town basks in glow of Hollywood - Bennington BannerNEW LEBANON, N.Y. — The hippies are gone. So are the detours. And the chilled lobster tails. The movie stars have left. Ang Lee's headed south. And there's a dearth of naked people running around Columbia County. This is the hangover in the ...
Celebrating Woodstock - Berkshire EagleRand Angelicola, a scenic artist from New York City, paints a sign this summer for a motel in New Lebanon, N.Y., that served as a primary set for 'Taking Woodstock.' The hippies are gone. So are the detours. And the chilled lobster tails. The movie ...
Locally, black residents elated over Obama - Knoxville News SentinelMinister Elonda Wood, left, and Benny Wood laugh Wednesday night at Canaan Baptist Church of Christ. The Rev. Harold Middlebrook, pastor of the church, said of Barack Obama, "He represents that anyone in this land can achieve the highest office, if ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Peg Brickley reports: Lehman Brothers filed for Chapter 11 bankruptcy Monday in New York, as expected, listing debts of $613 billion and naming ...
Day Of Reckoning Dawns For Denizens Of Hedge-Fund Heaven - Free Internet PressGreenwich, Connecticut. It isn't easy to get the super-rich to discuss their money woes, and the Rev. Chuck Davis, who runs the Stanwich Church here in the hedge-fund capital of the world, has tried. His flock includes the mandarins of finance who've ...
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 ...
Sowell: Ignore the polls; your vote still counts - Record SearchlightIt may seem hardly worthwhile going to the polls to vote this election year, since ACORN and the media have already decided that Barack Obama is to be the next president of the United States. Still, it may take more than voter fraud and media spin to ...
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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