Richfield Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Census findings: Edina isn't so rich, and other surprises - Minneapolis Star TribuneA Metropolitan Council analysis of three years of U.S. Census Bureau data from 2005 to 2007 provides some revealing and surprising details about 41 Twin Cities communities. Edina isn't as rich as you think. Eden Prairie isn't swamped with seniors ...
Burton bowler Bill Clanton has three perfect 300 games this season - Grand Rapids PressGENESEE COUNTY, Michigan -- It was just a matter of breaking through the barrier for Burton's Bill Clanton. For the first 23 years of his bowling career the wall stood firm. Then last season he succeeded, rolling his first 300 game at Richfield Bowl ...
Man charged with swindling 83-year-old mom - Minneapolis Star TribuneNora G. Bekis is unable to care for herself or manage her finances because of chronic lung disease and progressive dementia. So the 83-year-old woman gave her son, Larry J. Bekis, power of attorney to manage her bills and her home. But instead ...
Star Tribune, Minneapolis, John Ewoldt column - TMCnetMany victims of job loss are too paralyzed to know where and how to cut the fat, said Sara Croymans, who teaches personal finance classes such as "Getting Through Tough Times" at the University of Minnesota Extension Service Regional Center in Morris ...
Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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