Salem Mortgage Rates and Information Online from competing Lenders

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Pomp, circumstance, and another term for DiMasi - Boston Globe
A triumphant Salvatore F. DiMasi basked in sustained applause and blew kisses to his wife in the House balcony yesterday as he scored an enthusiastic vote of confidence from his colleagues, who overwhelmingly installed him for a third term as speaker ...

Four indicted on charges of mortgage fraud at Salem company Sandown ... - Eagle-Tribune
CONCORD — Two brothers, who worked at a Salem mortgage lending company, and a Sandown couple were charged with skimming approximately $300,000 from national mortgage lenders, according to federal indictments released yesterday. Thomas Ryder, 30, of ...

Brothers Charged With Mortgage Fraud - WMUR.com
CONCORD, N.H. -- Two New Hampshire brothers have been charged in connection with a mortgage fraud scheme. U.S. Attorney Tom Colantuono said Thomas Ryder, 30, of Hopkinton, and his brother, Paul Ryder, 27, of Hudson, and others filed loan applications ...

Hudson man, brother charged in mortgage fraud case - Lowell Sun
CONCORD, N.H. (AP) -- Two New Hampshire brothers have been charged in a mortgage fraud scheme. U.S. Attorney Tom Colantuono says 30-year-old Thomas Ryder of Hopkinton and his 27-year-old brother, Paul Ryder, of Hudson, and others, filed loan ...

Robert Kelly: Good riddance, 2008 - Salem News
If so, go stand in the corner. These words are not meant for you. Enjoy your moment and leave the rest of us alone as we pout and watch the year 2008 recede in memory united by one sentiment: "Goodbye and get out!" The year past featured a seemingly ...

10 To Watch: Tom Smith - Greensboro Business Journal
GREENSBORO — Nobody told Tom Smith before he got started that organizing the proposed The Gate City’s Community Bank would be easy. But back in February of 2008 when the plans were first announced, few might have predicted it would be quite so ...

State to offer mortgage help to Morristown workers - Bridgeton News
People who work in Morristown now may get a shot at living here, too, under a state program that will be announced on Wednesday. The Live Where You Work Program will offer low-interest mortgages and help with down payments and closing costs to low ...

Smith Phillips Building Supply Supports Housing Recovery Plan - Carolina Newswire
Winston-Salem, NC – Smith Phillips Building Supply has joined Fix Housing First, a coalition formed to push for a housing recovery plan that will revive the economy. The National Association of Home Builders (NAHB) is spearheading Fix Housing First ...

Business Digest - HometownAnnapolis.com
State officials want to remind residents that they do not have to pay to file an unemployment-insurance claim. According to a release last week, Department of Labor, Licensing and Regulation officials said there have been several cases of people who ...

Support your local Humane Society - Farm and Dairy
No doubt if you watch television, this holiday season you have seen the commercial for abandoned shelter animals featuring Sarah McLaughlin on behalf of the ASPCA (The American Society for the Prevention of Cruelty to Animals). The message is ...

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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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