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Lawrence Dallaglio won't be outflanked on money - Daily TelegraphBoth my mum, Eileen, and dad, Vincenzo, had a really strong work ethic. My parents did whatever they could to provide for us. We were also taught the value of money and if you wanted to earn it, you had to go out and work for it. When my sister and I ...
Martin Hughes: City rottweiler who bit off more than he could chew - Times OnlineAT the October Club charity dinner held in London’s Savoy hotel last autumn, Martin Hughes had a lot on his mind. The hedge-fund manager did not take part in the auction, as he had done in previous years. Nor did he pay close attention to how much ...
Parents feel pinch of day care cost - HometownAnnapolis.comA quiet is falling over some Anne Arundel day cares, and not just during nap time. Local day care providers are starting to feel the pinch from tightening family budgets. Centers that have had waiting lists for as long as anyone can remember now find ...
A New Age of Global Capitalism Starts Now - MSN UK NewsIt was a week for dramatic words and even more dramatic gestures. as the U.S. congress debated, then vetoed, and then revised and ultimately passed a $700 billion plan to bail out the country's failing banks, world stock markets rose and fell in what ...
Land Surfing - Orlando SentinelThe weather has turned much colder, and our tackle shop reporters say there are relatively few anglers still hitting the water. In light of that, this week's fishing report will be the final one of the 2008 season. Look for the report to resume prior ...
Agoda.com Offers Halloween Roundup of Haunted Hotels from around the ... - PR Inside- Just in time for Halloween, Agoda.com, the Asian online hotel service that is part of priceline.com (Nasdaq: PCLN) today released its list of the most celebrated haunted hotels around the world. Halloween falls on a Friday this year, making it ...
INDUSTRY NEWS & PEOPLE January 2008 - Business Travel ExecutiveThe Association of Corporate Travel Executives (ACTE) has added two new members to its international team: Ronald Kosmahl, director of global education and research, and Kathleen Brannigan, senior director of global communications. Prior to joining ...
Obama aftershocks - bbcSorry to have become suddenly episodic - normal service resumes next week. On a trip back to London, the aftershocks of the Obama victory are still incredibly evident, even in a nation with plenty of its own politics with which to be consumed right ...
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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