Grandville Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Churches Tackle Worshipers' Money Management - US News and World ReportWhen Justin Moore and his wife, Bonnie, cut up their credit cards in a show of financial freedom earlier this year, they did it in front of a group of supporters—at church. Students in a finance class taught by Justin Moore at Crestview Baptist ...
Playing with fire: Foreclosures bring rise in uninsured tenants - MLive.comPress Photo/Rex Larsen Jeanne Ryan moved into a one-bedroom apartment in Plaza Towers in downtown Grand Rapids after her home at Indian Village Condos was destroyed by fire. Insurance helped replace many of her possessions. GRAND RAPIDS -- It was ...
COLUMN - 82 years ago, area's electric train stopped - Holland SentinelFor the past 161 years, Holland area places and personalities have made the news. In this series of articles, The Sentinel features tales that footnote the history of this community. During the first quarter of the 20th Century, Holland enjoyed a ...
Dexter Area Historical Society raising money to raise the roof at ... - MLive.comPaul Bishop and his colleagues from the Dexter Area Historical Society and Museum are raising money to replace the aging roof on Gordon Hall. Bishop, management committee chairman for the hall, says the roof replacement project is a costly endeavor ...
Indian teen thrown under train for writing love letter - USA Today BlogsA 15-year-old boy was beaten, mocked and then thrown in front of a moving train Tuesday in eastern Bihar state, according to The Times of India . His crime? Falling in love with a girl from a different caste. "Fifteen-year-old Manish Kumar was ...
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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