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School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
October 12 - October 19 (79) - Dakota Voice► January 16 - January 23 (1) This is the video that was quickly banned from YouTube because of a "copyright infringement." This updated version uses music and video claiming safe harbor under the Fair Use Doctine. To those still confused about ...
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Voting the Fate of the Nation - Middle East OnlineIn his acceptance speech at the Democratic National Convention, Barack Obama called the forthcoming presidential election a "defining moment" in this country's history. It is conceivable that he is right. There are precedents in American history for ...
Markets soar as the world acts to rescue banks - Times OnlineStock markets soared yesterday after governments committed trillions of dollars in an unprecedented attempt to prevent the collapse of the international financial system. World shares made their biggest one-day advance for 19 years as countries ...
Block Island embracing offshore wind farm plan - Boston GlobeBLOCK ISLAND, R.I. - The wind whips an American flag towering over the palatial lawn that carpets this hilltop. A gust topples a paper coffee cup, half-full, onto a Victorian patio chair on the veranda of the island's oldest hotel. "If we did have ...
International finance - San Francisco GateIt's no secret that China has become the world's factory, manufacturing and exporting just about everything in the years since the late communist leader Deng Xiapoing launched his "socialism with Chinese characteristics" economic reforms in 1978 ...
My vision for America: Speeches by Barack Obama - The IndependentThroughout his political life, Barack Obama's brilliant oratory has captivated and inspired millions. We publish the key speeches in which he sets out his vision for America – and the world We cannot solve the challenges of our time unless we solve ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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