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SEEN AT THE SCENE : - Long Beach Press-Telegram"It was our most successful fundraiser in recent years," said the enthusiastic executive director of the WomenShelter of Long Beach (WSLB), TuLynn Smylie. The Fourth Annual Wine Tasting Fundraiser, held Oct. 4, raised $33,000. Host Duane Rose, owner ...
Battle of Tarawa remembered on 65th anniversary - Las Vegas SunMaster Sgt. James M. Fawcett got on his knees and gently mixed his father's ashes with sand on the same Pacific beach where the elder Fawcett fought his way ashore 65 years ago. Maj. James L. Fawcett died in September at the age of 89. He wanted his ...
First-timers, retirees buying homes at low prices - Palm Beach InteractiveFirst-time buyers are stepping forward, overjoyed at the idea of finally being able to afford places of their own. Retirees paying all cash also are getting into the game, yanking their money out of the volatile stock market and putting it back into ...
Poor People's Dinner fund-raiser on Staten Island tonight - Staten Island AdvanceAdvance file photo Gabriel Farini, 8, was one of many youngsters who attended last year's Poor People's Dinner. Project Hospitality is holding its annual Poor People' Dinner tonight at the Hilton Garden Inn in Staten Island's Bloomfield community ...
Rep. Steve LaTourette seeks help from President Bush to stop National ... - Cleveland Plain Dealer BlogEvan Vucci/Associated Press Treasury Secretary Henry Paulson, left, testifies before the House Financial Services Committee this morning. Federal Reserve Chairman Ben Bernanke is at right. Updated 6:54 p.m. WASHINGTON -- National City Bank weathered ...
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 ...
November 2008 - Kansas City Star BlogsI hope that the people who elected Barack Obama did so for the right reasons. I’m not sure President Bush was elected that way. It would be sad if academia, the mainstream press, Hollywood, liberals, ethnic groups and die-hard Democrats elected ...
2008 (2665) - Dakota Voice► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...
August 31 - September 7 (99) - Dakota Voice► January 16 - January 23 (1) She quietly inhaled the gas mixture the doctor gave her to relax. Suddenly, there was incredible pain. She jerked her legs up and cried. The doctor yelled at her and told her not to move. If she moved, she would bleed ...
For Harbor Park crowd, Barack Obama hits a home run - HamptonRoads.comDemocratic presidential nominee Barack Obama told a shivering crowd of at least 20,000 people Tuesday night at Harbor Park to not “believe for a second that the election is over” and urged them to get out, knock on doors, convince neighbors and ...
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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