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House price 'rip-offs' probed by watchdog - IndependentShare MORTGAGE brokers are being investigated over allegations that some of them colluded with estate agents to inflate property prices and rip off homebuyers. In an unprecedented move, the Financial Regulator is checking claims that brokers have ...
1.6bn rescue package for home buyers will not work and may do harm ... - Times OnlineGordon Brown attempted to revive the flagging housing market - and his own political fortunes - yesterday with a £1.6 billion rescue package that included a surprise suspension of stamp duty, but experts said the move was merely “sticking plaster ...
Recession alert piles misery on Brown - Guardian UnlimitedGordon Brown's drive to save the housing market from collapse was undermined yesterday when the gamble to axe stamp duty for almost half of all property sales was quickly followed by dire predictions that the UK would be the only major economy to ...
David Cameron tells Labour to back Gordon Brown or sack him - Daily TelegraphMr Cameron left no doubt that if Labour ditches Mr Brown he will expect the new prime minister to call an immediate general election Photo: STEPHEN LOCK Just under a year ago, David Cameron staged one of the most extraordinary political turnarounds ...
Gordon Brown's stamp duty rescue plan dismissed as 'symbolic' gesture - Daily TelegraphGordon Brown's plan to revive the housing market was greeted with almost universal condemnation amid warnings it is unlikely to help homebuyers. Senior figures in the property industry say the measure would not make 'one iota of difference ...
Teresa Hunter: SNP's tax would increase burden on struggling families - Scotsman.comDID you see the amazing story of the son who had cremated his father only to see him appear eight years later on his television screen? He'd been living in a care home after losing his memory following a head injury. Meanwhile, the family had a full ...
Britain worries as companies flee over tax rates - International Herald TribuneLONDON : Already struggling with an economy on the brink of recession and a record budget deficit, Britain's government is facing another problem: how to stop an exodus of British companies fleeing the local tax regime. In the past week alone, three ...
UK's Brown Cuts House Tax at Start of Fightback - CNBCBritish Prime Minister Gordon Brown cut an unpopular tax on home purchases on Tuesday as part of a package designed to boost the country's slumping housing market and lift his flagging political fortunes. Brown's government said properties worth less ...
US Dollar Slips Back After Last Week's Rebound - CNBCThe yen gained broadly Monday as investors cut exposure to risky carry trades amid expectations of widening financial sector losses tied to the U.S. subprime mortgage market. The latest casualties outside the United States include four Norwegian ...
New Woodbury RE/MAX Office Hosts Grand Opening Event - Voices NewsAs your mortgage lender, Sentinel Home Mortgage handles all of the front-end aspects of your loan application and presents your application to the best investors for funding.

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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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