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News about Mortgages:
Erie County alone in the no-snow zone - Buffalo NewsFrom Cleveland east to Utica, three dozen counties faced National Weather Service lake-effect or winter-storm alerts Friday night. Only one was not — Erie County. How’s that for a change? Metro Buffalo and northern Erie County were expected to ...
H.C. wind projects closer to deal - Observer-DispatchHerkimer County has moved closer to a deal that could lead to 80 wind turbines being built in rural communities here. The Herkimer County Legislature unanimously has approved a preliminary agreement related to two wind projects — Hardscrabble ...
Oneida Co. agency OKs tax breaks for brewery - Observer-DispatchA county agency gave final approval to $75,000 in property tax breaks and other incentives Thursday for the F.X. Matt Brewing Co. in Utica as the company seeks to recover from a May fire. In addition to a payment in lieu of taxes agreement, the ...
Credit crunch is being felt down on the farm - MSNBCLUBBOCK, Texas - There is new trouble at the ranch. The worsening financial crisis is making it harder and more expensive for farmers and cattlemen to borrow money to pay for feed, land and salaries. While the credit squeeze on the agricultural ...
Farmers' new trouble at the ranch: tighter credit - Kansas City StarThere is new trouble at the ranch. The worsening financial crisis is making it harder and more expensive for farmers and cattlemen to borrow money to pay for feed, land and salaries. While the credit squeeze on the agricultural sector is buffered ...
Farmers and ranchers anticipate higher borrowing costs for next year ... - Minneapolis Star TribuneLUBBOCK, Texas - There is new trouble at the ranch. The worsening financial crisis is making it harder and more expensive for farmers and cattlemen to borrow money to pay for feed, land and salaries. While the credit squeeze on the agricultural ...
Swordsman gets arrested, victim gets 50 stitches - Buffalo NewsA South Park Avenue man received 50 stitches after he was cut in the face with a sword on the city's West Side early this morning. Tun Min Win, 29, of Brayton Street, was charged with first-degree assault and two counts of fourth-degree criminal ...
Arcuri hopes to retain seat in 24th against GOP's Hanna - Daily StarONEONTA _ The 24th Congressional District race pits incumbent Democrat Michael Arcuri, 49, of Utica, against Republican Richard Hanna, 57, of Barneveld and Otsego. Arcuri, a former Oneida County district attorney, defeated Republican state Sen ...
Buffalo teen shot in both arms on porch on city's West Side - Buffalo NewsAn 18-year-old Buffalo man was shot in both arms on the city's West side Monday night. Keith Alamo, of Linview Terrace, was walking off the porch of a home on Massachusetts Avenue, just north of West Utica Street, at about 9:45 p.m. when a male on a ...
News Of The Day - New York Daily NewsJohn McCain came out swinging at last night's debate and threw everything he had at Barack Obama. But Obama kept his cool , and McCain failed to land a game-changing blow. It was more interesting to watch than the other debates. Joe the Plumber is a ...
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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