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News about Mortgages:
Property transfers - Herald-StandardProperty transfers listed in the Fayette County recorder of deeds office from Nov. 14 through Nov. 20 were as follows: Alex Merkosky and others to Terry L. Smitley and others, property in North Union Township for $2,000. Geremia Scotto-Diluzio to ...
Economic blitz hits college sports - Dubuque Telegraph HeraldAlan Thomas, the University of Georgia's associate athletic director for external affairs, plays a key role in the school's fundraising efforts. His job has become more challenging, because the economic downturn might cause a drop in donations ...
College athletics feeling financial crunch - Honolulu AdvertiserATHENS, Ga. — While the Georgia football team practices just beyond the walls of his office, Alan Thomas toils over his own game plan. He's no Mark Richt, but this administrator's work from behind a desk is just as important to the Bulldogs ...
This week's oddball items of disinterest - CNN Sports IllustratedNew members of the Red Sox Hall of Fame, including Spaceman Lee (second from left) now have a chance to show what's left of their stuff in Cooperstown next June. For the past 10 weeks, this rejiggered space has been foraging through the sports ...
Britain's worst price falls - Guardian UnlimitedJust how bad is the property market right now? Are desperate sellers slicing thousands off asking prices to shift their homes? Do the national average figures disguise massive variations on a street-by-street level? Or are homeowners refusing to ...
High-Tech Lockup: Inside 4 Next-Gen Prison Security Systems - Popular MechanicsThe annual, government-funded mock riot held at the former West Virginia Penitentiary only reinforces the threat of inmate-on-guard violence that a booming mini-industry has begun to conquer with everything from RFID surveillance to remote medicine ...
College sports try to fend off blitz from economy - Associated PressATHENS, Ga. (AP) -- While Georgia practices just beyond the walls of his office, Alan Thomas toils over his own game plan. He's no Mark Richt, but this administrator's work from behind a desk is just as important to the Bulldogs' success as a strong ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Shaker Heights attorney Dea Character, 7 others indicted in mortgage ... - Cleveland Plain Dealer BlogSHAKER HEIGHTS -- A Shaker Heights attorney and seven other people were indicted Tuesday in what prosecutors described as a mortgage fraud scheme that obtained $3 million worth of loans for seven Cuyahoga County properties. Prosecutors say Dea ...
Black homeowners need to adjust priorities - Daily PressN o one knows yet how bad the current financial crisis is, but we do know this: When America gets the flu, the African-American community gets pneumonia. So where is the financial health of the black community headed? For many, surviving will take a ...
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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