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News about Mortgages:
The £4m home Phil Neville can't sell - Manchester Evening NewsFROM the P and J initials on the wrought iron driveway gates to the gold-finished bedroom, the home of footballer Phil Neville oozes extravagance. But it appears that even the wealthy rich and famous have been bitten by the credit crunch. The ...
Car fire on 94 at 121st - Milwaukee Journal SentinelNov. 21, 2008 6:53 a.m. | A car fire is backing up the commute on westbound I-94 near 121st St. Here's the look from the DOT camera . The fire is causing major delays. The trip from downtown to Moorland Rd ., normally a ten minute drive, was taking ...
Audit: Medicaid recipients misused free cab rides - Milwaukee Journal SentinelNov. 21, 2008 3:44 p.m. | Madison - The state was forced to reimburse the federal government nearly $350,000 this fall after auditors found that cab rides had been billed to Medicaid on days when Milwaukee County participants didn't receive medical ...
Louis Pattison's new releases review - Guardian UnlimitedAt its worst, this taste for third world-inspired music ushered in by MIA, Radioclit et al is the equivalent of a conversation with a wealthy gap-year returnee laden with scintillating tale after scintillating tale of getting wasted with his fellow ...
I-94 lanes re-open in Waukesha County - Milwaukee Journal SentinelNov. 12, 2008 | Crews have reopened closed lanes of I-94 near Moorland road after clearing semis from the highway that were involved in a fatal wreck this morning in Waukesha County. Earlier, a vehicle spun out in the westbound lanes of a ...
I-94 closed in Waukesha County - Milwaukee Journal SentinelNov. 12, 2008 | A fatal crash and subsequent spill of hot liquid tar on I-94 near Moorland Road has closed down traffic in both directions of the interstate in Waukesha County this morning. Waukesha sheriff’s officials and highway crews remain on ...
Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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