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Charles Cooke, 52, major movie fan - Atlanta Journal ConstitutionCharles “Ricky” Cooke was a movie fanatic. He and his wife saw practically everything that hit the big screen. He owned a collection of “Rocky” sequels and Richard Pryor movies. “He was old school,” said Nancy Hill Cooke, his wife of 30 ...
Deeds Oct 22nd thru 31st 2008 - Cecil WhigChandler H. Gebhart, III, to Carl D. and Linda K. Becker, Bohemia Bay Yacht Harbor, Chesapeake City, $64,000, October 22. Jennifer R. and Thomas H. Clark, Jr., to Jennifer R. Clark, 224 Biddle Street, Chesapeake City, $0, October 24. Helena A. DuPont ...
Lions raise money for people in need - TriVallyCentralState Rep. David Scribner (R-Brookfield) praised a raft of local organizations at a charity breakfast last week for assisting needy residents and said that with an economic downturn that is "startling and staggering" there will be even more requests ...
Who Says We're Not in a 'Real' Recession? - Seekingalpha.comTonight I am ensconced in my preferred Portland hotel in anticipation of an early morning presentation. A good opportunity to work in the holiday-decorated lobby bar, listening to Christmas music while logging some quiet work hours throughout the ...
Fred Russell case may spur tougher drunk-driving penalties - Spokane Spokesman-ReviewFred Russell may be sitting in a cell, but his name’s popping up frequently in Olympia, where state lawmakers are weighing changes to catch drunken drivers and toughening the sentences for those who kill. “We will tell people once and for all ...
Calvary to celebrate 'miracle' of debt freedom - Toledo BladeOn a breezy morning earlier this week in South Toledo, two pastors and a business official from Calvary Assembly of God gathered around a table stacked with manila folders containing old bills and yellow mortgage notes. As they pored over the stapled ...
California Home Sales Revive, But Not Without Intense Pain - Wall Street JournalLOS BANOS, Calif. -- In this California city, one of the hardest hit in the national housing crash, there's good news: Homes are starting to sell again. Investors and first-time home buyers are snapping up foreclosed houses here, with the number of ...
Sublime lending - World MagazineBob Lupton, founder and president of FCS Urban Ministries in Atlanta, never believed in the overreliance on subprime products to be sustainable. Despite a ministry mission to help low-income families buy homes and establish community, his ...
Man held in Pittsylvania County on drug and firearm charges - GoDanRiver.comA Charlotte, N.C. man is in custody on drug and firearm charges, according to the Pittsylvania County Sheriff’s Office. Sheriff Mike Taylor said Tyler Daniel Bethel, 39, of 7539 Coffey Creek Drive in Charlotte is charged with the manufacture, sale ...
Sales pick up in September - Boston GlobeAcross the country, sales of existing homes edged up 1.4 percent in September when compared with the same month last year, according to a report issued today by the National Association of Realtors. (From August to September, the increase was much ...
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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