Loris Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
2 plead guilty to bank robbery while on bail - Myrtle Beach OnlineTwo Myrtle Beach residents pleaded guilty in federal court to robbing a bank while out on bail, according to U.S. Attorney W. Walter Wilkins. Maurice Russell Small, 23, and Elysia Nicole Nolan, 20, robbed the Georgetown Craft Credit Union in ...
Coastal business | HCSB builds new headquarters in Loris - Myrtle Beach OnlineHorry County State Bank is starting construction on a new corporate headquarters in the Loris Commerce Center this week, said bank Chief Executive Jimmy Clarkson. When it's finished, the 41,000-square-foot building at 3640 Ralph Ellis Blvd. will ...
Networks Back Big Three Bailout - Wall Street JournalJournalists have yet to see a bailout proposal they don't like. After supporting the $700 billion financial bailout, the broadcast network news outlets have promoted the proposed $25 to $50 billion bailout of the American automakers. Between Nov. 1 ...
American Dream Sours as Housing Market Collapses - Common DreamsDENVER, Colo. - For Cathy Busby, May 1 marked a personal "Mayday!" as she was sucked into the housing crisis sweeping the United States. On Tuesday, she went into arrears on her mortgage after her monthly repayments soared by 40 per cent. The 47-year ...
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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