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IEI takes group management retreat to Ghana - Businessday OnlineInternational Energy Insurance Group has equipped top management of its subsidiaries with entrepreneurial qualities of business management to enable them compete effectively and add value to their operations. The subsidiary companies including ...
Mortgage crisis: Expert lists how Nigeria can avoid American ... - Businessday OnlineScott Morey, chief operating officer of CityScape International, has listed ways through which Nigeria can avoid the mortgage and real estate crisis in America and Europe considering the global financial crisis currently rocking world economy. Morey ...
Kill the competition: Bailout sale ... Japan falters ... Iceland ... - Times OnlineThe Times : The Treasury may sell some of its high-yielding preference shares in the banks to reduce the cost to taxpayers of its bailout plan. Bloomberg : Japan's economy, the world's second largest, unexpectedly shrank 0.4 per cent in the third ...
Property prices rise 150% despite stock market meltdown - Businessday OnlineElsewhere, the strength of a country’s stock market mirrors the state of its economy. But for Nigeria, this may just be a theoretical statement as developments in the Nigerian Stock Exchange (NSE) are yet to impact on the prices of properties ...
Falklands Summary of Executive Council Meeting 13th November - Falkland Islands News NetworkThere were several matters arising from the two previous meetings of Executive Council. Firstly it was reported that insurance issues in relation to Fox Bay jetty had been resolved and that work could now commence on the outstanding repairs. It was ...
News Categories - SARTMA.comHome | Categories | Legal Falklands : Falklands Summary of Executive Council Meeting 13th November 2008 Submitted by Falkland Islands News Network (Juanita Brock) 20.11.2008 (Current Article) There were several matters arising from the two previous ...
PM Gilani brushes aside criticism of cabinet’s size - Pakistan News ServiceISLAMABAD: Prime Minister Syed Yousuf Raza Gilani on Thursday defended a “heavy cabinet”, saying it would not put an extra burden on the national exchequer. The prime minister was talking to newsmen after the groundbreaking ceremony of the Prime ...
How will the Chancellor repay debt? - bbcThe Chancellor has said that he needs the flexibility in the looming recession to spend and borrow more than would be possible if he adhered to the fiscal rules. These are the strictures on how much the Government can borrow that were introduced in ...
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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