Canaan Mortgage Rates and Information Online from competing Lenders

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N.Y. town basks in glow of Hollywood - Bennington Banner
NEW LEBANON, N.Y. — The hippies are gone. So are the detours. And the chilled lobster tails. The movie stars have left. Ang Lee's headed south. And there's a dearth of naked people running around Columbia County. This is the hangover in the ...

Will this be the end of prostitution? - Women.timesonline
When Richard Gere picked up Julia Roberts in his Lotus Esprit in Pretty Woman, it was the start of a great Hollywood romance. The classic prostitute with a heart of gold, she was transformed almost instantly into a glamous sex kitten, equally at home ...

Rentals Up, Buyers and Sellers are Cautious - Connecticut Post
Real estate agent Ruth Jones has been spending a lot of time lately trying to calm anxious clients who have homes on today's market. "It's like being a doctor and having to give a bad diagnosis," Jones said. "They're nervous. Their houses aren't ...

J.C. Penney, Nordstrom Lower Forecasts as Sales Fall (Update2) - Bloomberg
Oct. 8 (Bloomberg) -- J.C. Penney Co. , Kohl's Corp. and Nordstrom Inc. forecast third-quarter profit that may trail analysts' estimates after September sales fell because of consumer concerns that the Wall Street meltdown will cost them their jobs ...

Rigby beats last-minute write-in campaign - Register Citizen
In just seven days, Norfolk attorney William O. Riiska convinced thousands of voters to write in his name for state representative in the 63rd District. But it was not enough to beat the only candidate whose name appeared on the ballot, political ...

Celebrating Woodstock - Berkshire Eagle
Rand Angelicola, a scenic artist from New York City, paints a sign this summer for a motel in New Lebanon, N.Y., that served as a primary set for 'Taking Woodstock.' The hippies are gone. So are the detours. And the chilled lobster tails. The movie ...

Election could mark a shift in Greenwich - Greenwich Time
Will Greenwich get swept up by the prevailing political winds of change or will it buck the trend and deliver for Republicans as it has so many times in the past? Months of punditry and speculation will finally give way to real answers when voters go ...

Locally, black residents elated over Obama - Knoxville News Sentinel
Minister Elonda Wood, left, and Benny Wood laugh Wednesday night at Canaan Baptist Church of Christ. The Rev. Harold Middlebrook, pastor of the church, said of Barack Obama, "He represents that anyone in this land can achieve the highest office, if ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Peg Brickley reports: Lehman Brothers filed for Chapter 11 bankruptcy Monday in New York, as expected, listing debts of $613 billion and naming ...

Avon Jittery As It Prepares To Refinance Debt - Hartford Courant
PHILIP SCHENCK, the Avon town manager, and Blythe Robinson, the assistant town manager, stand in front of the town hall complex. Avon on Tuesday hopes to sell $25.8 million in short-term notes in order to retire existing debt. But upheaval in the ...

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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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