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Hernando Oaks developer seeks bankruptcy protection - Tampa Bay Business JournalHernando Oaks Golf & Country Club filed for Chapter 11 bankruptcy protection, a day before property at the development was scheduled to be sold at a courthouse auction. Hernando Oaks LLC, the entity controlling the development, listed assets between ...
Briefs: Business announcements and events - St. Petersburg TimesSpring Hill Florist , 5089 Commercial Way, Spring Hill, has closed. The Gates family, which has run the business for 32 years, thanked their customers who have supported them. In honor of the chain's 40th anniversary, Sonny's Real Pit Bar-B-Q has ...
Hernando County business digest - St. Petersburg TimesThe Hernando County Association of Realtors announces its first Thanksgiving Basket Food Drive. Individuals can bring a bag of non-perishable boxed and/or canned Thanksgiving dinner item to any participating Hernando County real estate office, or ...
Kentucky banks remain a sound investment - Ledger IndependentDespite the current national financial crisis, officials with area banks say their institutions remain financially solid and that loans for new homes and cars are available for credit-worthy customers. According to Bank of Maysville officer and State ...
Brown-Waite seeks another term - Daily CommercialThe incumbent Republican for Florida's 5th Congressional District wants continued protections for the country's seniors and veterans while making sure everyone can make it through troubling economic times. Ginny Brown-Waite, R-Brooksville, is running ...
Florida’s senators split on rescue plan - Villages Daily SunTHE VILLAGES — Florida’s senators split Wednesday evening during a successful U.S. Senate vote on a revised plan to rescue the U.S. financial markets. Republican Sen. Mel Martinez voted for the Senate substitute of the $700 billion rescue plan ...
Latest discipline list void of local attorneys - Jacksonville Daily RecordThe Florida Bar, the state’s guardian for the integrity of the legal profession, recently announced that the Florida Supreme Court in recent court orders disciplined 30 attorneys, disbarring six, suspending 18 and placing three on probation. None ...
Dakota Voice - Dakota Voice► January 16 - January 23 (1) They both served in the Continental Congress. One was elected the second President and the other was elected the third. Once political enemies, they became close friends in later life. An awe swept America when they ...
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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