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MAHONING COUNTY - VindicatorRandolph Dotson Jr., 30, of 2529 Elm St., Youngstown, and Amanda L. Wolford, 25, of same. Kevin M. Davis, 30, of 153 E. Judson Ave., Youngstown, and Mia R. Shellow, 34, of same. Michael W. Budge, 45, of 5554 Barkley Ave., Austintown, and Shari J ...
TH*NK"NG (GYRATIONS) - Axcess News(AXcess News) Creston, IL - I've been thinking about gyrations. Actually I've been thinking about our banking/ financial mess, WaMu and Wachovia, the stock market indexes, the $700 BILLION bailout proposal, Congress, and gravy. Gyrations are ...
Saving car giants will cause havoc, Gordon Brown warns US - Times OnlineIn a veiled warning to the next American President, Gordon Brown described protectionism as the “road to ruin” yesterday as international tensions surfaced at the start of the G20 summit in Washington. As world leaders assembled for dinner at the ...
Financial literacy a way to stay out of debt - Ann Arbor News BlogIf the recent Wall Street meltdown of the credit markets taught any lessons for those on Main Street, it might be that someone with $30,000 in annual family income can't afford a $300,000 house. That's a lesson that Muskegon's Wondresha Bass learned ...
What court records show about 4 Iowa Senate candidates - Des Moines RegisterRepublican James Seymour, 69, of Woodbine was arrested for prostitution in March 2002 in Des Moines, according to Des Moines police records. The outcome of his court case is not available to the public. Polk County Attorney John Sarcone said he does ...
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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