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Page-Grimsley not just a game - Greensboro News & RecordGREENSBORO -- Over the years, students from Grimsley and Page -- two rivals who happen to play a certain football game Friday night -- have targeted each other's school signs in scavenger hunts, compiled creative lists of degrading nicknames for the ...
For local buyers, mortgage harder to get as banks require more - Pantagraph“On the other side of that, I don’t know if we can give them a loan,” Maschhoff said. Borrowers who want to get a new home mortgage, refinance a home loan or open up a home equity line of credit are up against some challenges in today’s ...
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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