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IN BRIEF: News around Downriver - News-HeraldThe Detroit Zoo will be open from 10 a.m. to 4 p.m. daily through March 31, though it’ll be closed on Christmas and New Year’s Day. Winter visitors often find that when the temperature drops, many of the animals become more active outdoors. There ...
From small town to boom town - Austin American-StatesmanAt least one area in Central Texas is thriving these days despite the real estate slowdown: Liberty Hill, the small town just north of Cedar Park and Leander. In fact, Liberty Hill is in the only real estate zone in Travis, Williamson, Bastrop and ...
Deeds Oct 1st thru 10th 2008 - Cecil WhigSedgrick L. and Lutisha S. Williams to Deutsche Bank National Trust, 221 Bennie Drive, Charlestown, $270,000, October 8. Deutsche Bank National Trust to Christopher B. and Amber L. Cranford, 221 Bennie Drive, Charlestown, $285,000, October 9 ...
Body found in south side garage - Milwaukee Journal SentinelNov. 27, 2008 12:38 p.m. | A Chicago man who was missing for almost two weeks was found dead in the garage of a south side Milwaukee home Wednesday, and police are continuing to investigate the suspicious circumstances of his death today. Milwaukee ...
Court stubs out restaurant's effort to evade smoking ban - Milwaukee Journal SentinelDec. 2, 2008 10:36 a.m. | A Wausau restaurant owner's attempt to convert his business to a private club was just a sham to get around the city's smoking ban, the 3rd District Court of Appeals found in a decision released today. The court upheld a ...
November 2008 - Weekly StandardThe terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...
A red door closes - Corvallis Gazette-TimesRead all of this investigation at the GT's Behind the Red Door Web site. ALBANY — No one showed up at the Linn County Courthouse on Tuesday morning to bid in the foreclosure sale of a house owned by Michelle Schoning at 895 W. Oak St. in Lebanon ...
Lenders that Have Closed Shop, - Wall Street JournalMore than 80 mostly subprime mortgage lenders -- those that make home loans to the riskiest borrowers with questionable credit -- have closed shop since the end of last year as clients defaulted on payments and banks cut off the funding required to ...
Hardship lingers on Texas' coast after Hurricane Ike - Dallas Morning NewsCHAMBERS COUNTY, Texas – When Hurricane Ike swallowed their beachfront home and all of their belongings, Darlene and Mark Pagels tried to hold it together. They borrowed underwear and shoes. They slept in one-hour shifts at a local hospital. They ...
Front Page News: - Berkeley Daily PlanetDevelopment-related contributions continue to pour into the coffers of candidates for next week’s Berkeley City Council election, with Mayor Tom Bates in the lead both in total and sector-related contributions. MAYORAL RACE Tom Bates Mayor Tom ...
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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