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Watching Washington Come into Focus - Middle East TimesTEAMING UP -- President-elect Barack Obama (L) and Secretary of State designee Sen. Hillary Clinton during a news conference announcing Obama's national security team on December 1 in Chicago. (UPI) BEIRUT -- The appointment of Hillary Clinton as the ...
Summit Tech lesson - Muskogee Daily PhoenixWill Muskogee and a Nowata bank be able to find a new business tenant for what was once the Summit Technology call center? Given the economy, it’s not likely, but it is possible, although it’s doubtful that it would continue as a call center. The ...
Anambra professionals unveil N10bn development fund - PunchThe League of Anambra Professionals will unveil the Anambra Investicorp Trust Limited, a wholly private company, and placement of N10bn trust at the Third Anambra Development Summit coming up in, Awka, the state capital. The company will be managed ...
Legion Post faces foreclosure - Hudson Hub-TimesHudson -- A Florida company filed a foreclosure complaint in Summit County Common Pleas Court Nov. 21 against Lee Bishop American Legion Post 464, alleging the group is behind $587,356 in mortgage payments, including principal and late fees. Carrie ...
Foreclosure complaint filed against Legion post - Hudson Hub-TimesHudson " A Florida company filed a foreclosure complaint in Summit County Common Pleas Court Nov. 21 against Lee Bishop American Legion Post 464, alleging the group is behind $587,356 in mortgage payments, including principal and late fees. Carrie ...
Business events scheduled for the coming week - ForbesSATURDAY, Dec. 6 POZNAN, Poland - U.N. climate conference. Thru Dec. 12. SUNDAY, Dec. 7 STOCKHOLM, Sweden - Newser with Nobel laureates in physics, chemistry and economics. 08:00 GMT. MONDAY, Dec. 8 WASHINGTON - Weekly Treasury briefing, auction ...
Thanks for Dice after Dark - Summit Daily NewsLake Dillon Preschool and Early Learning Center would like to thank everyone who made the second annual Dice After Dark event on Saturday, Nov. 15, a phenomenal fundraiser. We would like to acknowledge the following major sponsors of the event ...
Jury awaits instructions in Willan mortgage-fraud trial - Akron Beacon JournalThe evidentiary phase of the trial of former Evergreen Corp. President David B. Willan ended with the jury being sent home this afternoon. The judge and lawyers from both sides continued working on instructions regarding the law. Common Pleas Judge ...
Whitehall delegates offered a fair hearing - Financial TimesThere are two sorts of Whitehall summits, according to one seasoned observer: those that are staged to provide good publicity for the politicians and those that are held to reach real decisions. This week will see the latest attempt by the Treasury ...
2008 economic problems don't compare to Great Depression - Summit Daily NewsCOLORADO SPRINGS — Louise Simpson first realized the extent of the Great Depression through the shoes. “I can still see them now,” said the 82-year-old who grew up on a small farm in Fountain.“Mom’s shoes were all rundown. There was almost ...
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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