Greeley Mortgage Rates and Information Online from competing Lenders

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Viewer Stories: Housing Market Victims - WMUR.com
My story is basically simple -- we refinanced two-and-a-half years ago because we were at an 11 percent interest rate. The mortgage company told us that to pay off some credit cards and and stuff we could get an interest-only loan. Me not knowing ...

McCain doesn't grasp cause of finance crisis - Chicago Sun-Times
There are a lot of ironies in the fire as a Republican administration, the most conservative since Herbert Hoover, strives to invest $700 billion to create a socialist financial system. The current president uses the same style of intense concern ...

Boston assesses financial fallout - Boston Globe
Boston's shaken money managers are struggling to gauge how the city's financial sector will be reshaped by yesterday's Wall Street meltdown. "No one ever thought they'd see a day like this," said Michael A. Greeley, managing general partner at IDG ...

'Poison pill' group offers refunds - Northern Colorado Business Report
DENVER - Backers of a campaign against the so-called "poison pill" amendments, four labor-sponsored measures that union organizations pulled from the Colorado ballot on Oct. 2, are planning refunds to their contributors. Coloradoans for Responsible ...

Most Midwestern Bankers Opposed Lehman Bailout - Flathead Beacon
OMAHA – A survey of bank CEOs in 11 Midwestern and Plains states shows nearly 90 percent strongly opposed a government bailout of Lehman Brothers, which was forced into bankruptcy earlier this week. More than half the bankers surveyed also said ...

CAMPAIGN NEWS - US News and World Report
As voters head to the polls today in New Hampshire, Barack Obama leads in all 8 new polls released in the last 24 hours, while John McCain tops Mitt Romney in 7 of the 8. The Washington Post reports, "Polls point to a mirror image of the Republican ...

One startup bank will not open; another ready for business - Orlando Sentinel
A Maitland -based investors group has jettisoned its plan to open MidFlorida Bank after failing to raise millions of dollars in startup capital, organizers said Thursday. Meanwhile, a Lake County-based banking group said it has cleared regulatory ...

Bankers say farm income up amid stagnant economy - Sioux City Journal
OMAHA, Neb. (AP) -- Despite record farming income, economic growth in 10 Midwestern and Plains states fell to its lowest level in nearly two years, according to a survey of rural bankers. The overall economic index for the region declined to 50 in ...

Russell Brand calls George Bush a 'retard' at MTV awards - Times Online
If his aim was to be noticed by America, Russell Brand more than achieved his goal last night as he ranted that President Bush was a “retarded cowboy” while hosting the MTV awards. The British comedian, who is a virtual unknown in America, left ...

Despite financial headlines, 'business as usual' at state banks - Lincoln Journal Star
Nebraska bankers are trying to reassure the public that their institutions are not only safe places to put money, but also willing to take a chance on borrowers even as constricted credit markets terrorize their Wall Street cousins. One of the ...

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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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