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News about Mortgages:
Controversial Habitat House dedicated in harmony - Hanover Herald-ProgressHanover Habitat for Humanity dedicated its newest house on Chapman Street in Ashland last weekend. "As you know, the neighborhood was opposed to the building of the house because they thought it was going to 'look like a Habitat House,'" said Tim ...
Property transactions - Duluth News Tribune2100 Water St., W105-A, Ashland Rentals LLC purchased from Beacon Point Condominiums LLC for $1,375,000, residential, 9/08. 2100 Water St., W304-A, Roger Reinardy purchased from Beacon Point Condominiums LLC for $777,500, residential, 7/08. 2100 ...
This economy is frightening - Glasgow Daily TimesRemember the scene in the second Star Wars movie where Yoda sent Luke Skywalker into a tunnel to test his nerve? Skywalker said he wasn’t afraid and Yoda responded: “You will be. You WILL be.” If you’re not frightened by the terrible economic ...
Subdivision section is foreclosed - Pahrump Valley TimesA distressing number of properties continues to be sold for foreclosure in Nye County, but this one caught the eye of a women who calls out the trustee sales at the flagpole in front of the county courthouse in Tonopah. A legal notice that took up a ...
Toys for Tots Drop-off Sites - WBAY Green BayToys for Tots is collecting toys to make sure children in need get a gift during this holiday season. Toys donated in your area stay in your area. Please contact the webmaster to add, remove, or edit a drop-off site. The deadline for dropping off ...
Low-income home program hits snag - Medford Mail TribuneEight townhouses built in part with a city of Medford grant meant to promote home ownership among low-income residents will be turned into rentals after the nonprofit organization that built the houses at 11th and Grape streets was unable to find ...
Erie County Real Estate Transactions - Buffalo News• 31 Lanoche Court, Michael A. Young; Karen A. Young to Yijun Cheng; Li Li, $525,000. • 1 Cloister Court, Mary Michael Egan; Edmund A. Egan to Michael P. McGorry; Pamela M. McGorry, $466,000. • 73 Hampton Hill Drive, Nicholas D. Mecca; Efterpe ...
Reading service in need of home - Akron Beacon JournalAfter years of financial setbacks and legal problems, the local reading service for the blind is facing what may be its biggest hurdle. The not-for-profit organization is poised to be evicted in the next few weeks from its home in a former roller ...
Housing market slumps - Ashland Daily TidingsHomes for sale in Ashland sat on the market for far longer than usual during the past three months. Summer is typically a busy time for home buyers, but houses that sold in July, August and September were on the market for an average of 163 days ...
Voices are muted at crossroads of skepticism, hope - Boston GlobeASHLAND, Ohio - After Barack Obama's victory Tuesday, the public outpourings of jubilation happened on the television screens, not in the streets, of much of the nation's heartland. In this solidly Republican part of Ohio, the celebrations were small ...
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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