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News about Mortgages:
Mercantile Bancorp Completes HNB Bank and Perry State Bank ... - MSN MoneyCentralMercantile Bancorp, Inc. (AMEX: MBR) announced today it has received regulatory approval to combine its two issouri-chartered banks, Perry State Bank, with HNB National Bank, a wholly owned subsidiary of HNB Financial Services, Inc., all entities ...
Coldwell Banker Howard Perry and Walston Southpoint Office Sponsors ... - PR.comDurham, NC, September 05, 2008 --( PR.com )-- Kevin Woody, manager of the Coldwell Banker Howard Perry and Walston Southpoint office (www.hpw.com), has announced that the organization is hosting the Third Annual HPW Golf Challenge benefiting the HPW ...
Coldwell Banker Howard Perry And Walston Adds New Agents To Amy ... - Carolina NewswireDURHAM, N.C. – Kevin Woody, broker-in-charge for the Coldwell Banker Howard Perry and Walston Southpoint office, has announced that Lili Early, Nogui Aramburo, Paul Hogle and Brian Wells have joined the Amy Pomerantz group at the Southpoint office ...
Foreclosure rate in county below average, but still stings - Bridgeton NewsAs the economy continues to falter, with some experts predicting a recession on the horizon, more homeowners for a variety of reasons are finding themselves on the verge of losing their homes to a bank foreclosure. "If you miss one paycheck for ...
Senior citizens snared by lies on the line - Dallas Morning NewsThe phone rings, and Vivian steps toward it. The 90-year-old still walks with ease, but her living room is choked by clutter. Stacks of old papers, books and opened mail – heaps of it – force her through a narrow path to the grimy receiver ...
A true original, Kowalski molded during Golden Age - Charleston Post & Courier“Two roads diverged in a wood, and I took the one less traveled by, and that has made all the difference.†— Robert Frost It takes a different breed to become a professional wrestler. But one could hardly imagine Killer Kowalski as ...
Lincoln ranked No. 1 in insurance sales - Evening StarThe organization formerly known as the Life Insurance Management Research Association ranked Lincoln National Corp. at the top of the industry in life insurance sales for 2007. The Philadelphia-based insurance and financial-services company does ...
September August July June May April March February January 2007 - Nypress.comComing off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...
Archives » September 2008 - Newsweek BlogIn which NEWSWEEK cultural critic Jeremy McCarter reviews the final night of the Republican National Convention--and John McCain's acceptance address. You could make an amusing game of Mad Libs out of this week's Republican National Convention. Just ...
September 2008 - Boston PhoenixST. PAUL--Suppose Sarah Palin had somehow ended up as the Republican presidential nominee this year. Suppose she’d picked John McCain as her running mate. And suppose he’d given the speech he did tonight. You know what people would be saying ...

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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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