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City could receive $796,000 in grant for neighborhood aid - Princeton Union EagleThe city of Princeton could receive up to $796,000 as part of a federal grant of nearly $58 million coming into the state through the Neighborhood Stabilization Program. Princeton is listed along with Big Lake, Buffalo, St. Michael, Elk River, Otsego ...
Amazing Case of Loan and Mortgage Fraud - KLAS-TVLoan and mortgage fraud is becoming big business across the country and crooks continue to find new ways to take advantage of almost anyone and steal any identity. Eyewitness News has uncovered an amazing case that involves a victimized grandmother ...
Business Bankruptcies - Minneapolis Star TribuneThis is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...
Mexico banks weathering crisis, but stem lending - Guardian UnlimitedMEXICO CITY, Sept 24 (Reuters) - Mexico's banks, mostly owned by foreign heavyweights, are in good shape to weather a crisis shaking industry leaders on Wall Street, but caution is leading them to put the brakes on years of speedy growth. Banks in ...
Business Briefs - Elk River Star NewsM&I Bank recently broke ground for a new location at the intersection of Diamond Lake Road and Rogers Drive in Rogers. The new office is scheduled to open in 2009. The new M&I Bank location will be a full-service branch with a business banker ...
Foxworth takes over D. Hall’s old spot - Atlanta Journal ConstitutionWell, DeAngelo Hall is not welcome back in the ATL by the new regime. Coach Smith said pursuing DeAngelo Hall was not in the teams plans. That left little wiggle room. That was a no. Not today, not tomorrow and not 10 years from now. Farewell D. Hall ...
Braves fans, it just feels late - Atlanta Journal ConstitutionIt’s Thanksgiving and we’re all thankful for something, most of us for a whole lot. So have a good one, everybody, and try to be thankful for what you have despite these rough times. We’re glad you come here to the Braves/Man In Black blog ...
COLOMBIA: Court Workers’ Strike Continues Despite Ultimatum - Inter Press ServiceBOGOTA, Oct 15 (IPS) - Colombian President Álvaro Uribe has invoked emergency powers to break up a 42-day strike by the country’s court workers, announcing that as of Tuesday, any judge, prosecutor or other judicial employee who does not show up ...
Matter of Record, October 27 - Wichita Falls Times Record NewsMarten Properties vs. John Bush/all other occupants, 1804 Woodrow, $1,930.00, V3300 P688. Larry’s Pool Service vs. Jerry Flesner, 100 N. Bell, Iowa Park, $944.81, V3300 P475. Fairlane Credit vs. James Lovern, 1018 Jan Dr., Burk, $13,920.80, V3299 ...
GOP’s capitalism unkind, irregular - Las Vegas SunIn recent history we can follow the result of naked greed: Charles Keating and the other owners of savings and loans who stole billions from their depositors; the executives of Enron and WorldCom, et al., who took all they could until their companies ...
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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