Orleans Mortgage Rates and Information Online from competing Lenders

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The Week That Was - Pittsburgh Post-Gazette
The nation held its breath as Hurricane Gustav came within a hair's breadth of New Orleans, making landfall 75 miles southwest of the Big Easy. The Category 3 storm did cause water to spill over the city's levees, resulting in knee-deep flooding. But ...

49 of 50 Hancock Bank of Louisiana Branches Open for Business - MSN MoneyCentral
BATON ROUGE, La., Sept. 5, 2008 (GLOBE NEWSWIRE) -- Fewer than four days since Hurricane Gustav battered Louisiana's coastal and central regions, Hancock Bank of Louisiana has opened 98 percent of the company's Louisiana branches, including offices ...

Munich Re May See Higher Rates, Profits in Wake of 2008 Storms - Bloomberg
Sept. 5 (Bloomberg) -- The worst hurricane season in three years improves the odds that Munich Re and Swiss Reinsurance Co. , the biggest reinsurers, can raise rates and profit next year. Hurricane Katrina, which devastated New Orleans and socked ...

Gustav revives fears of Katrina - Baltimore Sun
CHALMETTE, La. - A big sign at the harbor here encourages: "Think Positive, St. Bernard!" But after three years in a government trailer, Beth Basile is finding that hard to do. Nearly every structure in St. Bernard Parish, east of New Orleans, was ...

Why live in a danger zone? - Albany Democrat-Herald
Everybody in the country is glad that Hurricane Gustav spared the Gulf Cost, and especially the petroleum industry in that area, because otherwise our fuel prices would already be going up again. Still, New Orleans was once again in jeopardy, and a ...

One Week Left To Book A Priceline.com Sunshine Guaranteed Vacation ... - MSN MoneyCentral
Don ’ t let this year ’ s unpredictable weather spoil your vacation. Come to priceline.com PCLN , where you can get a Sunshine Guaranteed vacation package that will refund your entire airfare, hotel, rental car and more if rain ruins your ...

McCain vows 'change is coming' - New Orleans Times-Picayune
(AP Photo/Stephan Savoia) Republican presidential candidate John McCain listens to the applause of supporters during his nomination acceptance speech on the last night of the Republican National Convention in St. Paul, Minn. The one thing both major ...

NFL reshuffles the deck for 2008 - ESPN.com
I started making trips to Vegas in 1996, the same year "Swingers" came out, back when every 48-hour blackjack binge felt like walking a financial tightrope with Philippe Petit. These were the days of Rio's $10 buffets, cross-country flights with two ...

U.S. Congress News - Yahoo News
PARIS (AFP) - US scientists have unveiled the most complete genetic profile ever attempted of glioblastoma, a common and deadly form of the brain cancer that US Senator Edward Kennedy is battling. ST. PAUL, Minn. - They embody four uniquely American ...

Sunday Q&A: Director provides the 411 on 211 help line - Houston Chronicle
David Jobe, the director of the 211 Texas United Way Helpline in Houston, says his team works to dispel rumors. During Gustav a rumor had I-10 being closed at the Louisiana border. The Federal Communications Commission made 211 the nationwide dialing ...

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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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