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How will economy affect Iowa's financial sector? - Des Moines RegisterA recession in Iowa means manufacturing jobs most likely will get hammered. It happened in the early 1980s when a national recession deepened into a farm crisis in Iowa and elsewhere in the Midwest. The state lost 43,100 factory jobs - 62 percent of ...
Accident Pushes Family To Brink Of Financial Ruin - KTIVPIERRE, South Dakota (AP) - The state board of Minerals and Environment set the hearing to start May 19 in Pierre and resume late in June. LE MARS, Iowa (KTIV) - He's pushing 90, but a Le Mars, Iowa pastor isn't letting age slow him down. How stable ...
Some Bankruptcy Basics - Wall Street JournalAmerican families are now going bankrupt at the rate of 22,000 a week. It is quickly becoming a part of American life. So far this year nearly three-quarters of a million individuals and families have filed for court-approved bankruptcy, according to ...
Bailout woes keep growing - Fort Dodge MessengerSome companies receiving money through the government's program to "bail out" beleaguered financial institutions do not seem to have been in trouble at all. They are using the funds to get bigger and richer through acquisitions of other firms. We do ...
Live Updates from Election Day 2008 - Dodge City Daily GlobeToday is the day. After almost two years of campaigning, the American public will finally know who their new president is. Area-wide sheriffs, commissioners, attorneys and state and U.S. congress positions are all up for grabs. Stick with dodgeglobe ...
McCain goes Bushwhacking in Florida - MSNBC FirstreadORMOND BEACH, Fla. – After giving a hard-hitting interview to the Washington Times yesterday in which he was stingingly critical of the Bush Administration, McCain continued his offensive today, forcefully calling on the Treasury Department to ...
The Food Section - Washington PostA chat with the Washington Post Food Section staff is a forum for discussion of all things culinary: food trends, recipes, ingredients, menus, gadgets and more. You can share your thoughts on the latest Food section , get suggestions from fellow ...
AOL must release e-mail records - Des Moines RegisterA Polk County judge has ordered Internet provider America Online to turn over documents that could determine who used an e-mail account that a bank says allowed Ed Boesen to defraud it of $3.5 million. Judge Douglas Staskal approved an order granting ...
Canada's new money man - Toronto StarOTTAWA–As Mark Carney was leaving Prime Minister Stephen Harper's office this week, a reporter asked if the new Bank of Canada governor had anything to say to Canadians nervous about the state of the economy. Tell them not to worry – nothing's ...
Feeding needy harder for charities as layoffs increase the demand - Tucson CitizenSalvation Army cook Henry Hunter had a relatively bare freezer Monday morning, but by the end of the day it had 100 additional turkeys. About 50 more still are needed for next week's annual Thanksgiving dinner. • Salvation Army needs: 50 turkeys ...
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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