South Weymouth Mortgage Rates and Information Online from competing Lenders
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Local family moves into Habitat for Humanity home in Quincy - Patriot LedgerNew Habitat for Humanity homeowner Nancy Abrahams of Quincy, second from right, at the closing on her house in Quincy. With here are, from left, South Shore Habitat board President Chris Dunn, Abraham's cousin Jocelyn Aurelien, and Habitat board ...
The Everest of the Seas - French NewsFor weeks now, the level of excitement has been mounting at Les Sables-d’Olonne. Joan Stewart watched the contestants in this year’s Vendée Globe race arrive with their yachts Bulletins had been posted daily giving up-to-the-minute news, and the ...
Local banker to play key role in shaping financial policy - Boston GlobeIf you want guidance on the future of the world financial system, the man to see runs a regional bank in Weymouth. South Shore Savings Bank's chairman, Arthur R. Connelly, also happens to be the incoming chair of the American Bankers Association, the ...
Town Commons: What's happening on the South Shore Nov. 20-28, 2008 - Abington MarinerSend your calendar events to: Dorothy Dinsmore, Community Newspaper Company, 165 Enterprise Drive, Marshfield, MA 02050 or by fax 781-837-4543 or e-mail ddinsmore@cnc.com. Deadline is Friday at noon. Visit Town Commons: What’s happening on the ...
John F. Fitzgerald house for sale - Boston GlobeThe Kennedy compound has been restored to its former glory. No, not that one. While the family enclave in Hyannis Port is indeed known as the Kennedy compound, part of Allerton Hill in Hull is considered by locals to be the original. The property was ...
Agencies that help the needy need some help of their own - Patriot LedgerCheck out our " Hard Times " special report, documenting the everyday struggles of people on the South Shore, and find out ways you can help. “This is so hard,” he said. “I didn’t think I’d see the day when I couldn’t take care of my ...
OPINION: Our choices on candidates and ballot questions - EnterpriseWe as Americans thrive on hope, which along with faith are the cornerstones of our nation. We believe there is a candidate for president who embodies that hope with a vision for the present and our future. Obama is a candidate who has energized both ...
Caught in the crunch: Crisis shakes trust - Abington MarinerThis is an ongoing series providing local views on the nation’s financial crisis. The recent Wall Street debacle triggered an aftereffect bankers could not have predicted – loss of respect. Until the recent financial crisis, your neighborhood ...
McCain tussles with Palin over whipping up a mob mentality - Times OnlineWith his electoral prospects fading by the day, Senator John McCain has fallen out with his vice-presidential running mate about the direction of his White House campaign. McCain has become alarmed about the fury unleashed by Sarah Palin, the moose ...
Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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