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News about Mortgages:
Some people scare too easily - Atlanta Journal ConstitutionThe alarm radio went off at 6 a.m. and the first sound I heard was the voice of Barack Obama saying something about having traveled to every corner of this great country, etc. Typical end-of-the-campaign stuff. I turned it off, but I think we’re ...
Holliday enjoyed Denver, embraces change - Rocky Mountain NewsRockies left fielder Matt Holliday is spending the offseason near the Newport Beach, Calif., offices of his agent, Scott Boras. The trade to Oakland brought Matt Holliday certainty and closure, a most welcome end to what could have been a prolonged ...
Move on, Terry! - bbcThink of Terry Butcher and what picture comes to mind ? That's right - 1989, vital World Cup qualifier, against the Swede (this is pre-turnip England of course) swathed in bandages and looking like an extra from Blackadder Goes Forth, repeatedly ...
Radio & TV Talk - AccessAtlantaAll the entries posted in February. ABOVE: Cadillac will remain. Kristen, who was with him as the Kicks morning team for two years, is out. ABOVE: Rhubarb Jones is out after 22-plus years. Dallas McCade survives, though she might end up at Kicks. I ...
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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