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Plan to give employers $3K per new hire wins Assembly okay - Newark Star-LedgerA plan to give businesses a $3,000 grant for every new worker they hire won final Assembly approval this afternoon, amid bitter partisan debate over the best response to the ongoing financial crisis. The jobs bounty bill ( A3294 ) was approved 55 to ...
Madigan sues 7 companies over mortgage schemes - St. Louis Business JournalIllinois Attorney General Lisa Madigan sued seven so-called mortgage “rescue” companies late Monday and warned consumers about an alarming rise in these scams that prey on vulnerable homeowners on the verge of foreclosure. Con artists targeted ...
Stewart dealing with the emotions of finale with JGR - NASCARHOMESTEAD, Fla. -- What's going through Tony Stewart 's mind? Sunday's Ford 400 represents less of an end or a beginning, and more of a career crossroads. Stewart remains an enigma, a personality who can be alternately tempestuous -- as he was during ...
Wamego announces housing project - Abilene Reflector-ChronicleWAMEGO -- New affordable rental housing serving the needs of seniors is coming to Wamego. Homestead Senior Res-idences Wamego L.P. will offer 32 one and two-bedroom apartments for families on fixed and/or low incomes. Total cost to construct ...
Glass artist thrives on country living and recycling - Dallas Morning NewsBENBROOK – The decision to live in a metal outbuilding does not come lightly. First, it is necessary to want to live in the country, so much so that alternative housing (there's an understatement) seems OK. It helps to need a lot of space to create ...
Madigan suing a Plainfield company - Herald NewsCHICAGO -- A Plainfield company is among seven "so-called mortgage 'rescue' companies" that were sued Monday by Illinois Attorney General Lisa Madigan. Madigan said the companies were scamming vulnerable homeowners who are on the verge of foreclosure ...
DEI's Siegel on layoffs: 'It's gut-wrenching' - and more coming - ThatsRacin.comHOMESTEAD, Fla. – Normally, the final week of a NASCAR season feels like the last day of school. After nine months of seeing the same people just about every weekend, it’s time to go back and finally unpack the suitcase and reintroduce yourself ...
'08 Marion County tax bills will finally get into the mail. Really. - Indianapolis StarAfter a bit of last-minute uncertainty, officials announced Friday that Marion County property tax bills will be hitting mailboxes next week and will be due by Dec. 16. The bills would be provisional, or conditional, based on revised 2006 property ...
Average homeowner's tax bill down 28% - Lafayette Journal and CourierTax bills were mailed just three days ago, but Frank Niemiec knew ahead of time that his taxes were down this year because his mortgage company months ago sent him a rebate check. Niemiec, who lives in southern Tippecanoe County, saw his taxes drop ...
South Florida Foreclosures Up Over 325% From October 2007 - All Headline NewsMt. Pleasant, PA (AHN) - Pre Foreclosure statistical analysis company Default Research says South Florida foreclosures are up 325 percent from October 2007, with Miami-Dade County leading. However, there was a bright side to the news, in that the ...
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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