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River projects planned - Leader-HeraldAMSTERDAM - Development plans continue to flourish as the Mohawk River undergoes a renaissance of sorts with more new projects being developed across Montgomery County. The river runs along more than 130 miles from the Utica area all the way to ...
End of era for Famous Bill's: Owner of China Gourmet and retired bank ... - RecorderGREENFIELD -- An 81-year-old downtown landmark passed hands Monday in an auction with a surprise outcome. Bill's Restaurant on Federal Street was sold in a foreclosure auction to the owner of China Gourmet and the retired president of Greenfield ...
'Famous' Bill's Restaurant in Greenfield sold for $210,000 at auction - Union-News & Sunday RepublicanPhotos by Michael S. Gordon / The Republican Paul W. Scheer, president of Aaron Posnick Auctioneers, right, takes during the auction of Bill's Restaurant in Greenfield on Monday. Paul Chang, left, and Joseph A. Poirier, the new owners of Bill's ...
Category: 100% Pure Cheese - PopwatchWhy you should gobble up 12 hours of the SoCal, so-cool crew: Thanksgiving may be all about family, but let's be honest: You're gonna want to escape crazy Aunt Sally and her lace-up leather skinnies at some point. So why not take a trip to one of the ...
Home foreclosures low in Mohawk Valley - Observer-Dispatch If you own a home in Oneida or Herkimer county, you are less likely to face foreclosure than residents in other New York counties, data shows. In recent years, more affluent counties statewide saw a surge in housing prices, which attracted buyers ...
Foreclosed home of wind turbine dealer burns - South Coast TodayFREETOWN — Former state Rep. Mark A. Howland lost his former home at 15 Mohawk Ave. to the bank only weeks before the bank lost it to a fire deemed suspicious. Fire Chief Wayne A. Haskins said Monday a meeting with state police investigators was ...
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 ...
Obama pushes economic policies, early voting in Tampa - Miami HeraldTAMPA -- Democrat Barack Obama kicked off Florida's early voting season Monday with a rally in one of the state's most contested regions, telling thousands of voters at a baseball park not to wait until Election Day to cast their ballots. A day after ...
Investigators say Hemlock Point fire was arson - South Coast TodayFREETOWN — Investigators have determined that arson is the cause of a Nov. 1 fire that destroyed the Hemlock Point home, once owned by former Rep. Mark A. Howland. "It is incendiary," Fire Chief Wayne A. Haskins said Wednesday. He said state police ...
Residents, businesses are seeking tax relief - Observer-DispatchProperty taxes take a bite out of Mike Killino’s restaurant business. Killino opened Riverside Diner on River Road in Marcy two years ago. And although he is getting by, he spends about two months a year catching up on his taxes after he pays them ...
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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