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Rotary gets money management advice - Rushville RepublicanRushville Rotary Club met Tuesday at Flatrock Grill. President Norm Voiles convened and presided over the meeting. Kathy Lienemann led in the Pledge of Allegiance and Kevin Snyder provided an opening prayer, which included a moment of silence for the ...
Buzz: Anderson permit valuation falls, but Vineyards offer hope - Record SearchlightIf you need another sign of the slowing economy, look no farther than Anderson. Last week, the city announced it had canceled its Sept. 8 and Oct. 13 Planning Commission meetings. The reason? There aren't any projects to consider. And if things don't ...
Residential Real Estate Management and Development News Stories - Atlanta Journal ConstitutionNew York —- Wall Street retreated Monday after Fannie Mae and Freddie Mac fell to their lowest levels in nearly 20 years on concerns that the government might need to bail out the mortgage financiers. Weakness in the overall financial sector sent ...
Radio & TV Talk - AccessAtlantaAll the entries posted in July. “Good Morning America” host Robin Roberts, who worked as a morning co-host at V-103 and a WAGA-TV sports broadcaster in the 1980s, announced today that she has breast cancer but she said she caught it early. “I ...
The Opening Bell - MediaChannel.orgS tagflation fears lead the front pages of the business press today after the Federal Reserve sharply cut its growth estimates and inflation reports came in high. The Fed cut growth estimates for the year to 1.3 percent to 2 percent, anemic numbers ...
Executive appointments - Nashville City PaperGresham, Smith and Partners, a leading national architecture, engineering, planning and interior design firm, announced recently that Michael Abt , P.E., and Ket West , AIA, have joined the firm’s industrial group as senior project managers. Abt ...

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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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