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Temple REIT Completes acquisition of Capri Centre in Red Deer, AB - CNW GroupWINNIPEG, Dec. 31 /CNW/ - Temple Real Estate Investment Trust ("TREIT") (TSX Venture: TR.UN) announced it has completed the previously announced acquisition of the Capri Centre, a 218-room full service hotel, trade and conference centre, located in ...
Magic Valley 2008: Bracing for the future - Twin Falls Times-NewsThe Magic Valley kept its eye on the future as time marched toward 2009. A landmark election reconfigured the face of law enforcement, as newcomers unseated longtime incumbents or their hand-picked successors. The Church of Jesus Christ of Latter-day ...
County residents make New Year's resolutions for county and state ... - GazetteWhen asked Friday afternoon in Largo what her New Year's resolution would be if she were Prince George's County's new school superintendent, Celeste S Malone of Temple Hills says, "Students are making the grade [in classes] but not passing the HSAs ...
Register for FREE - Wall Street JournalIn these rough economic times, funding long-term care poses a challenge for seniors and their families. There are a range of strategies you can pursue, though. Older Americans who had banked on selling their homes to finance care in assisted living ...
Churches rethink budgets - Nashville TennesseanBetsy England of Old Hickory is retired but is committed to continue giving financially to her church, Old Hickory United Methodist, despite the downtrodden economic climate that dominated 2008. "I do tithe, and when I see a need, I'll try and give ...
A life changing holiday in Thailand - Times OnlineMORTGAGE, what mortgage? I'm sitting at the edge of Huey Tueng Tao lake surrounded by mountains, pine trees and people floating by in swan-shaped boats, talking to my life-change therapist in Chiang Mai. As therapy goes, the last week had consisted ...
Community calendar - Abington MarinerGore Place, 52 Gore St., Waltham, offers Take A Walk beginning Friday, Jan. 2, and is offered Mondays through Fridays, 10 a.m.-3 p.m. and Saturdays, Feb. 7-March 28, noon-3 p.m. Designed for children 3- to 9-years old and includes an activities ...
Financial decisions led to controversy - Detroit NewsDETROIT -- Cardinal Adam Maida's 18-year tenure at the helm of the Archdiocese of Detroit was marked by his dramatic outreach to other faiths, attempts to bridge the racial divide, parish downsizing and the scandal of sexual abuse by priests. He also ...
Take our Year-that-Was Quiz before sobering '09 headlines arrive - Atlantic City PressHappy New Year! Welcome to 2009! Oops. Too loud? Are the half dozen tequila shots you took last night dancing unpleasantly in your head? We apologize. It's understandable that you and the rest of the hungover masses would want to greet the new year ...
Pope names Michigan native as new archbishop for Detroit - Detroit NewsDETROIT -- Sixty years after he was born in Mount Clemens, Bishop Allen Henry Vigneron will return to Michigan as the new Archbishop of Detroit. Archbishop-elect Vigneron, who will be installed on Jan. 28 at Detroit's Blessed Sacrament Cathedral ...
Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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