Bethesda Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Smaller Mortgage Lenders See Opportunity in Turmoil - Wall Street JournalAs many of the biggest U.S. banks continue to pare back their mortgage lending, some financial institutions see global financial turmoil as an opportunity to pick up market share. The eight largest mortgage lenders, as measured by total volume in the ...
Home Value Highwire - WTOP RadioWASHINGTON - If you want to buy in today's housing market, you may not be able to seal the deal or get a loan, unless you have cash and good credit. You need cash to close the deal. The days of zero-down are gone. That's the new reality of the ...
Borrowers look for a 'taste of the bailout pie' - MSNBCWould-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...
As Loan Rates Fall, Borrowers Seek 'Taste of the Bailout Pie ... - Washington PostWould-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...
Treasuries Rally as Fed Plan to Buy Mortgages Prompts Hedging - BloombergNov. 25 (Bloomberg) -- Treasury 10- and 30-year securities led a rally in U.S. government debt as the Federal Reserve’s plan to purchase as much as $600 billion in mortgage securities prompted investors to hedge against losses in their portfolios ...
Treasuries Rally as Fed’s Move to Buy Mortgages Prompts Hedging - BloombergNov. 25 (Bloomberg) -- Treasuries rose for the first time in three days as the Federal Reserve’s plan to purchase as much as $600 billion in mortgages prompted investors to buy government debt to hedge against losses in their portfolios. Investors ...
Bankruptcies up amid downturn - GazetteIn 2006, Caruso Homes was riding the national housing wave. The Crofton home builder racked up $161 million in revenue, ranking among the nation's 200 largest by Professional Builder Magazine. That same year, Caruso was named America's Best Builder ...
Inaugural housing? Let's make a deal - GazetteSome companies and area residents are eyeing the presidential inauguration as their economic stimulus package-come-a-calling. Expectations that thousands of visitors in need of bed, board and services will be arriving for the inauguration of Barack ...
Advice For the Newly Independent - ForbesGet ready to play the roles of therapist, coach and life planner as you leave the wirehouse to start your own firm. With their books of business cards under their arms and stars in their eyes, a stream of advisers is pouring out of damaged and ...
FHA-Backed Loans: The New Subprime - BusinessWeekBy Chad Terhune and Robert Berner As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers—many of them the very sorts of firms that helped create the current financial crisis—are going strong. Their new strategy ...
Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
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