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News about Mortgages:
SATURDAY MAGAZINE - Permits and Transfers - Daily News-RecordLumax LLC to Thomas M. and Wendy E. Oskinkosky Jr., lot in northeast section of the city, adjoining the Jewish Cemetery, $165,000. Aug. 21 Heritage Estates LLC to Thomas W. and Sherry R. Hester, 1782 Sherry Lane, $515,726. Gregory Allen Love to Alan ...
World Bank Should Go With Wolfowitz: Activists - Common DreamsPENANG, Malaysia - Paul Wolfowitz's fall from grace is symptomatic of the double standards and hypocrisy of the World Bank and strains the marriage between neo-liberal policies and militarism that he embodied, say activists and analysts. Wolfowitz ...
No Santana for Mariners; Bedard tops wish list - Seattle Post Intelligencer BlogsFor those who hadn't guessed by now, the Mariners are out of the Johan Santana derby. Seattle isn't willing to mortgage the Mariner farm system in order to bring Santana from the Minnesota organization into the fold. However, the Mariners aren't ...
People on the Move - Nashville Business JournalRonald Dow was named senior project manager and geologist at EnSafe. David Stymiest , senior consultant with Smith Seckman Reid, was named a fellow in the American Society for Healthcare Engineering. Jerry Stump , vice president at Wilbur Smith ...
The 20 most talked about books of 2007 - Buffalo NewsLiterature fulfills a challenging niche - avid readers want their books. Competition with technology's reading tools have not fazed the bounty of memoirs, autobiographies and fiction in print. According to the Census Bureau, bookstore sales were flat ...
Anti-smoking team in town - Edinburgh NewsA ROADSHOW is to visit a Lothian town today to try to persuade smokers to stub out the habit. NHS Health Scotland and NHS Lothian workers were to advise people in Haddington thinking about quitting. Kerry McKenzie, a programme manager, said: "Smokers ...

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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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