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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 family moves into Habitat for Humanity home in Quincy - Patriot LedgerA local woman and her two children are moving into a Habitat for Humanity home on Bower Road in Quincy Center. Nancy Abrams, who has lived in the city for 16 years, passed papers on the house Friday. It is the sixth Habitat home in the city and the ...
Does the foreshore and seabed legislation need to be repealed or ... - New Zealand Herald BlogsThe Green Party wants the new National-led government to repeal the foreshore and seabed legislation. The Greens have always opposed it and supported the Maori Party's fight against it when it was passed by Parliament. As part of National's support ...
Good housekeeping is a gamble that may win - Times OnlineA helpful rule of thumb for assessing the fanfare that habitually precedes a Gordon Brown initiative, is that there will be less to it than meets the eye. Under scrutiny, these things tend to come apart in our hands, shot through with failures of ...
Repossessions jump 71% as arrears grow - Times OnlineThe number of repossessions in Britain soared by 71 per cent in the three months to June after more than 11,050 people lost their homes. According to the Financial Services Authority, the City regulator, the number of people losing their houses ...
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 ...
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 ...
Town Commons: What's happening on the South Shore Nov. 6-14, 2008 - Abington Marinercourtesy Mr. Cheetah by Marilyn Reisberg - The Dickinson Art Gallery, 1132 Main St., in Weymouth, will continue the first half of their two-part November Holiday Show through Nov. 14. Artists in the first showing through Nov. 14 include Ron Brake ...
Homeowners resort to yard sales to pay mortgage - Modesto BeeModesto: Two per residence per year. Turlock: Two per residence per year. $15 license. No more than three consecutive days. Ceres: Permit is needed. Oakdale: No limit, but sales can't last more than two days. Permit fees are $2.50 for the first yard ...
Lynch, Delahunt vote against bailout bill twice - Abington MarinerStephen Lynch, who represents Braintree in the U. S. House of Representatives, and William Delahunt, who represents Weymouth, voted against two versions of an unprecedented Wall Street bailout bill: one that was defeated on Sept. 29 and a revamped ...
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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