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Read more reactions from Huffington Post bloggers to ABC's ... - Huffingtonpost.comBack in the days of our radio show, our standard name for the media was one taken from Jerry Lewis..."pimps and whores". After last night, it's obvious we were too kind. Instead of sonorously intoning various articles of the Constitution when ...
China's Chinalco hints at Rio Tinto buy - News.com.auRIO Tinto shares had their biggest fall in 21 years yesterday as Chinese aluminium giant Chinalco revealed it may raise its stake in the big miner. The price plunge follows BHP Billiton's (bhp.ASX: Quote , News ) shock decision to abandon its $US66 ...
Transcript: Obama and Clinton Debate - ABC NewsAnd I think those are the kind of broad issues that a president has to take into account. GIBSON: And, Senator Obama, your campaign manager, David Plouffe, said, "When he is" -- this is talking about you -- "When he is elected president, we will be ...
AC/DC gives Vancouver a brain-numbing ride - Georgia StraightThree seconds after I picked up my AC/DC tickets at GM Place on Friday, some dude waving a huge wad of cash offered me $400 a piece for them, then quickly upped the price to $450 when he saw where the primo seats were. Since they were reviewer comps ...
Abandoning manufacturing was fatal flaw - yorkshirepostFrom: John Gibson, Arkendale, Knaresborough. NAPOLEON's prophetic description of Britain as a "nation of shopkeepers" could not have been more accurate. Over the last two decades, the Government and CBI have done nothing tangible to support British ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Craig's Bond flick thrashes Australia - News.com.auQuantum of Solace star Daniel Craig hopes his Bond film beats Nicole Kidman's Australia and reveals Aussie Bond George Lazenby is his favourite With the first-day box office figures in for both stars' movies, Craig's latest Bond flick Quantum of ...
Real estate transactions - Marion Chronicle-TribuneThe following is a list of real estate transfers collected from the Grant County Courthouse. Purchase prices are not available in Indiana and, therefore, are not listed with the transaction. Nov. 18 through Nov. 24 Anthony Hawkins to Destiny Guerrero ...
Australia’s S&P/ASX Jumps Most in 11 Years as Citigroup Rescued - BloombergNov. 25 (Bloomberg) -- Australia’s benchmark stock index rose the most in 11 years as the U.S. government’s rescue of Citigroup Inc. boosted confidence in the global financial system. Commonwealth Bank of Australia , the nation’s biggest ...
Home designed for healing sows discord in Encinitas - San Diego Union-TribuneWith its yogis, “surfer crossing” street signs and New Age shops, Encinitas draws dreamers who want to try something new – just as long as it doesn't upset the neighbors. CHARLIE NEUMAN / Union-Tribune Finished in March 2006, Suzy Brown's 16 ...
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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