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Commissioners Warn Against Trash Talking AIG - TradingMarkets.comThough noting that it was natural for consumers to have questions about whether they wish to do business with the company, given uncertainty about how the $150 billion bailout package organized by the U.S. Treasury Department and the Federal Reserve ...
Zuspan promoted by Dalton-Whitfield Bank - Daily Citizen-NewsMarla Zuspan has been promoted to vice president at Dalton-Whitfield Bank, according to bank president J. Alan Wells. Zuspan is the branch manager of the Cleveland Highway office. She is a Dalton native and graduated from Southeast Whitfield High ...
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 ...
Dog track workers still reeling - Taunton GazetteBob McLaughlin left the track after the results were in on Election Night night and went home to his wife in Middleboro. “She asked me, ‘How did it go?’ and I said, ‘You don’t want to know,’” he said. It had been a rough night. Hours ...
Erie County Real Estate Transactions - Buffalo News• 31 Lanoche Court, Michael A. Young; Karen A. Young to Yijun Cheng; Li Li, $525,000. • 1 Cloister Court, Mary Michael Egan; Edmund A. Egan to Michael P. McGorry; Pamela M. McGorry, $466,000. • 73 Hampton Hill Drive, Nicholas D. Mecca; Efterpe ...
How to Get Scholarships in a Bad Economy - US News and World ReportFinancial aid experts say the current economic troubles will very likely make the competition for scholarships more fierce than ever. They expect about half of all college students to receive at least a little free money to fund their education. To ...
City Halls Call Out for Help From Obama - WXIA 11 Alive(MSNBC.com) -- America's mayors are crying out for help from President-elect Barack Obama, seeking immediate relief from a national economic crisis that has slammed budgets in big cities, suburbs and small towns. INTERACTIVE MAP: What America's ...
Campaign 2008 - Rocky Mountain News BlogsOK, Obama, you've won the election. You're not electioneering anymore. You can freely admit that Joe Biden is the Antichange. It's like pulling off a Band-Aid to lighten up on the rhetoric and just reveal the real you, good or bad, instead of the ...
Affordable housing? - Carteret County NewsBEAUFORT — It’s your children’s teachers, your neighborhood police officers and firemen. It’s your bank teller, your restaurant manager and your hairdresser. These are the people for whom affordable homes are intended, and the town’s ...
Bank Won't Renegotiate Easton Church Mortgage - Wbaltv.comEASTON, Md. -- Talbot Bank has rejected a proposal by St. Andrew's Anglican Church to renegotiate its mortgage to avoid foreclosure. The church defaulted on its three-year, $950,000 mortgage earlier this year. Church officials said they now plan to ...
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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