Racine Mortgage Rates and Information Online from competing Lenders
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Inauguration trip proves too rich for Racine man’s blood - Journal TimesRACINE — It took two blows to knock down Al Days’ dream of a family trip to President-elect Barack Obama’s inauguration. Inauguration Day is two weeks away, Jan. 20, and Days, a lieutenant in the Racine Police Department, has pretty much ...
Job on shaky ground? Shore up those finances - Poughkeepsie JournalMost Americans live paycheck to paycheck. And for most people, that works out pretty well - until the paychecks stop. That's the dilemma facing thousands of Americans who have lost their jobs in recent weeks. If you're out of work, you might need to ...
Wisconsin foreclosure filings rise 21.5%, hit record in 2008 - Milwaukee Journal SentinelAs home prices fell and job losses climbed in 2008, foreclosure filings surged 21.5% in Wisconsin, setting a record. Foreclosure experts say the worst probably isn't over because unemployment is spreading in the weak economy. In addition, one said ...
Fire forces evacuation of north side apartments - Milwaukee Journal SentinelJan. 3, 2009 2:36 p.m. | Dr. Seth Foldy, the former health commissioner for the City of Milwaukee, has been named the state's Administrator of the Division of Public Health. "Dr. Foldy brings a record of leadership and a wealth of experience on ...
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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