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News about Mortgages:
Mortgage tax relief change wipes out gains from rate cut - IndependentA man and woman look into an estate agent's window. There will be some relief for first time buyers but the budget was a disappointment for those owning a home for more than seven years PEOPLE who have paid a mortgage for more than seven years are ...
Mortgage rates heading for record low with huge ECB cut - IndependentTHE European Central Bank could slash interest rates by three-quarters of a percentage point next Thursday, economists predicted yesterday. Such a cut -- from 3.25pc to 2.5pc -- would offer huge respite to homeowners, giving savings of between €75 ...
Smith steps down as Conway football coach - Log Cabin DemocratThere will soon be a new head coach for the Conway High football team. After 18 years of service, Kenny Smith will step aside to accept other responsibilities in the Conway Public School District, according to school officials. Smith finished his ...
WaMu cutting 3,400 Seattle-area jobs, 9,200 total - ColumbianJPMorgan Chase & Co. is eliminating the jobs of 3,400 Washington Mutual employees in the Seattle area, part of 9,200 job reductions nationwide, a spokesman said Monday. Outside of Seattle, where WaMu is based, the biggest number of job cuts is 1,600 ...
Pre-Budget: Impact on parents - This is MoneyFamilies are to get increases in child benefit three months earlier than expected and those eligible for child tax credits will also see an early boost. All families will get £20 a week - up from £18.80 now - for their first child from next January ...
Lost at Sea - Houston ChronicleAs two dozen sailboats pranced off the eastern tip of Galveston Island, Roger Stone felt the adrenaline surge that came at the start of every race. Still, he was worried about this one. The wind was kicking up from the southeast at about 20 knots ...
Lost at Sea: The tragedy of the Cynthia Woods - Houston ChronicleAs two dozen sailboats pranced off the eastern tip of Galveston Island, Roger Stone felt the adrenaline surge that came at the start of every race. Still, he was worried about this one. The wind was kicking up from the southeast at about 20 knots ...
Vance named as suspect in Anne Pressly death - Log Cabin DemocratLittle Rock police named 28-year-old Curtis Lavelle Vance of Marianna as a suspect in the death of Anne Pressly on Wednesday. At 5 p.m. Wednesday, a warrant was issued for capital murder. Police say Vance allegedly left his home at 1 p.m. today in a ...
WaMu Cutting 3,400 Seattle-Area Jobs - KIRO-TVSEATTLE -- Eighty percent of Seattle-area Washington Mutual workers learned Monday that the new owner of the former savings and loan based in Seattle is eliminating their jobs. JPMorgan Chase & Co. is eliminating the jobs of 3,400 Washington Mutual ...
Business Calendar - HometownAnnapolis.comThe sessions are: Advantages of Homeownership, Wednesday; Credit Review/Pre-qualification, Thursday; Obtaining a Mortgage, Home Selection/Writing a Contract, Dec. 10; Closing/Post-Purchase Counseling, Dec. 11. For more information or to register ...
Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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