Marlborough Mortgage Rates and Information Online from competing Lenders

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Empty homes a danger to fire fighters and a nuisance to officials - MetroWest Daily News
As the staggering economy leads to more foreclosures, local officials are left to deal with the problem of keeping the empty homes from becoming eyesores and safety hazards. On Labelle Street in Marlborough, the contents of a foreclosed home ...

Anger at council's £242,000 handout to part-time museum - Gazette and Herald
The restoration of one of the most historic buildings in the centre of Marlborough has received a controversial grant of almost a quarter of a million pounds from Kennet District Council. The council is giving £242,000 to the Merchant’s House in ...

Hope is on the horizon for foreclosures - MetroWest Daily News
There are signs the state's foreclosure crisis may be easing. The number of foreclosure petitions in MetroWest and statewide dropped in October, a sign, housing advocates and local officials say, that lenders and borrowers are more willing to work ...

Tax cuts and pay rises make homes more affordable in Oct - New Zealand Herald
Tax cuts, strong wage growth and lower interest rates have combined to improve housing affordability to its best level since May 2006, says new research. The Wizard Home Loans Affordability report for October has been affected by the national median ...

Editorial: Stemming the tide of foreclosures - Enterprise
The national numbers are staggering: An estimated 1.5 million homeowners went through foreclosure last year, and another 1.2 million in the first six months of this year. The FDIC estimates that unless something is done, between 4 million and 5 ...

House sales in record slump - Stuff
House sales volumes fell by a record amount in the first half of 2008, a report by economic consultants Infometrics shows. Findings released today show property sales volumes slumped 44.3 percent compared to the same period in 2007, exceeding the ...

Slump worst on record - Stuff
And more pain is forecast for sellers and real-estate agents. The depth of the fall is detailed in an overview of the housing market from Sydney-based mortgage insurer QBE and New Zealand business researcher Infometrics. The report found nationwide ...

Housing Affordability Best In Two And A Half Years - Scoop
Perfect storm of tax cuts, wage growth and lower interest rates improve housing affordability to best level in more than 2 and a half years Tax cuts on October 1, strong wage growth and lower interest rates combined to improve housing affordability ...

Framingham officials devising foreclosure action plan - Boston Globe
With more than 200 foreclosed properties in town, Framingham officials have put together an action plan to help struggling homeowners, and are awaiting word on federal funds that would support key aspects of the effort. "The first thing is reach ...

MASSACHUSETTS LOCAL NEWS - Union-News & Sunday Republican
• Atheist247 -- WOW this is great!! 2 more dir... • Farm55 -- I know the piece. Runs from So... • Swinger469 -- Suckingsound Illegal Casinos? ... • SpfldMatt -- Rt 91 is relatively comparable... • vaio1984 -- I saw another comment on anoth ...

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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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