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Champaign-based real estate firm growing in Florida - News-GazetteCHAMPAIGN – The Florida real estate market may seem bleak, given falling home prices and rising foreclosures. But Coldwell Banker Devonshire Realty senses opportunity there. The Champaign-based real estate company on Friday announced it has ...
On Native Ground - American ReporterOn Native Ground THE HOUSE OF CARDS STARTS TO WOBBLE by Randolph T. Holhut American Reporter Correspondent Dummerston, Vt. Back to home page Printable version of this story DUMMERSTON, Vt. -- I have written often over the past few years about the ...
Elizabeth "Liz" Roberson - Kentucky New EraCADIZ, Ky. — Elizabeth “Liz” Roberson, 68, Cadiz, died at 7:47 a.m. Thursday Nov. 20, 2008 at Murray-Calloway County Hospital, Murray, of natural causes. Services will be at 10 a.m. Monday at Lakeland Funeral Home Chapel, Eddyville, with the ...
MAHONING COUNTY - VindicatorRandolph Dotson Jr., 30, of 2529 Elm St., Youngstown, and Amanda L. Wolford, 25, of same. Kevin M. Davis, 30, of 153 E. Judson Ave., Youngstown, and Mia R. Shellow, 34, of same. Michael W. Budge, 45, of 5554 Barkley Ave., Austintown, and Shari J ...
No Garnett, but Celtics still beat Knicks - Buffalo NewsBrian Scalabrine, in the starting lineup while Kevin Garnett served a one-game suspension, hit a 3-pointer with 1:14 left to help Boston recover after its 15-point, fourth-quarter lead was trimmed to four and the Celtics beat New York 110-101 on ...
Local family moves into Habitat for Humanity home in Quincy - Patriot LedgerA local woman and her two children are moving into a Habitat for Humanity home on Bower Road in Quincy Center. Nancy Abrams, who has lived in the city for 16 years, passed papers on the house Friday. It is the sixth Habitat home in the city and the ...
Warriors swap Harrington for Knicks’ Crawford - Las Vegas SunThe Golden State Warriors traded disgruntled forward Al Harrington to the Knicks for guard Jamal Crawford on Friday in a swap that addresses both the Warriors' injury problems and New York's salary cap concerns. "I drafted Al back in 1998, and I ...
Residential real estate transactions - ColumbianResidential real estate transactions over $150,000 filed with the Clark County Assessor from Oct. 16-31. The information includes seller’s name, buyer’s name, property location, description, price and closing date. Listed below are some of the ...
JOB QUEST 2008 ---- There's a new breed of worried job hunters in ... - Morris County Daily RecordHoward Corneilson, a computer systems executive, has been out of work before, and things were pretty bad a few years ago when he took a job at a supermarket working in the seafood section. But this time is different because his wife, a human resource ...
New Jersey pension funds lost $23B so far this year - Newark Star-LedgerNew Jersey's pension fund has lost more than $23 billion this year, dropping to its lowest level since 2003 as a collapsing financial market battered its investments, a new state report shows. The latest losses -- nearly $9 billion in October, and ...
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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