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Situations determine refinancing - Fayetteville ObserverIt depends on your situation. How much do you still owe? How long do you expect to stay in your home? Are lower payments a priority? Janiece Brewer, owner of Liberty Point Mortgage and vice president of the Mortgage Bankers Association of ...
Hillsborough Commissioners Split Over Granting Money - Tampa Bay OnlineTAMPA - Hillsborough County commissioners were divided Wednesday about giving $50,000 in federal funds to a controversial Tampa nonprofit organization, the Housing and Education Alliance. Questions about the alliance's executive director, Sylvia ...
Building up to a standstill - Philadelphia Business JournalWhen Liberty Property Trust decided last month to pull the plug on developing a $55 million headquarters for Advanta Corp. , the move brought to a screeching halt a process that started more than a year ago. It’s a scenario that will likely be ...
Should you refinance? - Fayetteville ObserverJaniece Brewer hasn’t been asked to crunch so many numbers since the housing boom of 2005. But instead of working with potential new homeowners, the inquiries at her mortgage loan company have been about refinancing as interest rates sink to record ...
GET THOSE DEBTS OFF YOUR BACK - Daily ExpressThousands of households across the UK will be starting the new year saddled with debts, having borrowed more than they can afford over the festive period. The financial demands of Christmas will have put a tremendous strain on many family budgets and ...
Recalling Hayek on Responsibility - Spectator.orgAbout a half century ago Friedrich Hayek, in The Constitution of Liberty , wrote that a free society depends more than any other on people being held responsible for their actions. In a free society individuals act according to their own plan ...
Financial first aid - Times OnlineClearing debts will be many people's financial priority this year. Research from GoCompare.com, the comparison website, indicates that it will be the new year resolution for 60 per cent of Britons. It is almost always more cost-effective to pay off ...
Public Notices - Columbia Star1998 Harley Davidson Dyna 1HD1GHL10WY326926 Daryle Niehoff, 4110 Devine St, Cola, SC 29205 Conseco Finance, 332 Minnesota St, Ste 500, St. Paul, MN, 55101 Accrued Charges: $2610.00 1997 Chev Blazer 1GNCS13W4VK121887 Jessie or Marcella Townsend, 5445 ...
People on the Move - Scranton TimesGraham Kiddwatson has been named executive chef at the resort in Milford. He attended the Culinary Institute of America and has been a chef for 40 years. FIRST LIBERTY BANK & TRUST Douglas Klinger of Dallas has been hired as a commercial banking ...
A new age of freedom dawning? Yes - Orange County RegisterIt's always easy, now more than ever, for those of us who believe in minimum government and maximum freedom to feel down in the dumps, if not downright apocalyptic, about the direction of things in the Land of the Free. Yelling "liberty" in a crowded ...
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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