Chase Mills Mortgage Rates and Information Online from competing Lenders
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Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The absurdist drama “The Bailout,” now playing under the Capitol Rotunda, is perversely reassuring. It has reinforced my long-held belief ...
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Direct US stake in banks has many precedents - Seattle Post IntelligencerWASHINGTON -- For all the thorny free-market issues raised, the big U.S. intervention in banks does have precedents - from wholesale wartime takeovers of entire industries to the seizing of hundreds of failed savings and loans in the 1980s. Most ...
Paulson Plans to Step Up Relief for Homeowners, Buy Mortgages - BloombergOct. 22 (Bloomberg) -- Treasury Secretary Henry Paulson aims to intensify efforts to stem record mortgage foreclosures, using part of the government's $700 billion financial-rescue fund to purchase home loans. ``There still are a disturbing number of ...
Who is filing foreclosure in Pasco? Guess again - St. Petersburg TimesNov. 4, 2008, was historic. Newspapers called it "a new era" and "a new dawn" and even "a national catharsis." It was hailed as a racially and politically transformative day around the country, and the world, from Boston to London to Kenya to ...
Paulson Aims to Step Up Relief to U.S. Homeowners (Update2) - BloombergOct. 21 (Bloomberg) -- Treasury Secretary Henry Paulson said he aims to intensify efforts to stem foreclosures by using part of the government's $700 billion financial-rescue fund. ``There still are a disturbing number of foreclosures where people ...
Bank landscape continues to shift - GazetteThe changes in the Maryland and national banking industry just keep coming, during what one banker calls "today's unprecedented times." On Wednesday, Provident Bankshares Corp., the Baltimore parent company of Provident Bank, agreed to acquire $42 ...
U.S. has shopped in free market before - Omaha World-HeraldWASHINGTON (AP) — For all the thorny free-market issues raised, the big U.S. intervention in banks does have precedents — from wholesale wartime takeovers of entire industries to the seizing of hundreds of failed savings and loans in the 1980s ...
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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