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News about Mortgages:
Single survey concerns - Evening TelegraphThe property market in Scotland underwent a shake-up today with the introduction of single surveys — amid claims they may do more harm than good (writes Stefan Morkis). From today, sellers will have to provide a comprehensive survey of their home ...
The Scotsman, Edinburgh: Staying Over - Daily TelegraphYou wouldn't know what once went on inside this turreted press-baronial pile on the North Bridge in Edinburgh Read all about it! Top Scots Hotel Flunks News Theme Challenge Shock! Well, sorry, but if you're a journalist and you're staying in the ...
Deeds Oct 1st thru 10th 2008 - Cecil WhigSedgrick L. and Lutisha S. Williams to Deutsche Bank National Trust, 221 Bennie Drive, Charlestown, $270,000, October 8. Deutsche Bank National Trust to Christopher B. and Amber L. Cranford, 221 Bennie Drive, Charlestown, $285,000, October 9 ...
New businesses - Providence JournalBANAI ENTERPRISES LLC: A: Tawab Banai, 287 Armistice Blvd., Pawtucket 02861. Subway restaurant. October 24 Sayer, Regan, Thayer & Flanagan, LLP: P: Richard N. Sayer, 617 Paradise Ave., Middletown 02842. Law practice. Mastech, Inc.: P: Steven J ...
Lyn runs for judge - Daily Commercialpublished: Thursday, October 16, 2008 Lyn runs for judge MILLARD K. IVES Staff Writer INVERNESS -- As an attorney, Denise Lyn has extensive trial experience at the county court level, circuit court level, appellate level and in administrative ...
Inverness Medical Innovations, Inc., Q3 2008 Earnings Call Transcript - Seekingalpha.comGood morning. My name is Barbara and I'll be facilitating the audio portion of today's interactive broadcast. (Operator instructions) At this time, I would like to turn the event over to Doug Guarino. Sir, you may begin. Thank you Barbara and good ...
Macrae & Dick in top gear as turnover leaps - Scotsman.comNEW car sales at Macrae & Dick raced ahead last year, helping the Inverness-based chain of car dealerships to record an 11.7 per cent rise in turnover. In new accounts filed with Companies House, Macrae & Dick reported that turnover grew to £134 ...
BT workers 'in a state of shock' - BBC Business"We knew it was happening and I thought we might lose our jobs after Christmas. I was planning to look for a new job then," he said. Instead, he has been left to join the scramble for an ever-decreasing pool of jobs at a time when more and more ...
George Osborne must go, say angry Tory activists - Times OnlineThe future of George Osborne as shadow chancellor was under renewed scrutiny last night amid attacks by party members who claimed he risked undermining sterling. Activists contributing to party websites have labelled his interventions on Gordon Brown ...
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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