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News about Mortgages:
Erie County Real Estate Transactions - Buffalo News• 3476 Sheridan Drive, Joseph Giangreco; Ann Giangreco to Michael Foley; Timothy R. Gelder, $400,000. • 8418 Lakewood Court, Kimberly S. Schlehr; Frank J. Schlehr to Carol A. Logan, $337,500. • 69 Lord Byron Lane, Kathleen A. Sardina to ...
Living simply offers shelter from today's economic storms - Courier-JournalCHICAGO -- Keri Rainsberger isn't rich. She works in the nonprofit world for a relatively low-profit salary. Yet, as many Americans are scrimping for every penny, she hardly feels the pinch. She still tithes 10 percent of her income to her church ...
RSS Feed: Local News - Tracy PressA local political action committee reported it raised $5,600 in the past few weeks, and money continues to pour into the race for mayor. Thursday was the deadline to report campaign donations received between Oct. 1 and Oct. 18. From now until ...
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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