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PEDAL PUSHERS - New York PostCity planners will be peddling an ambitious proposal today to create the nation's most rigorous bicycle-parking rules. And unlike other recent construction requirements, this one - mandating that all new residential buildings and commercial towers ...
KB Home Q4 results expected to reflect housing crisis, tough economy ... - RTT News(RTTNews) - Home builder KB Home (KBH: News ) is expected to announce fourth-quarter results before the market opens on Friday. Hurt by the housing crisis and the weak economy, the company, like its peers, is not expected to spring any surprises in ...
Borrowers seeking to refinance may face challenges - Frederick News-PostWith mortgage rates dropping to the lowest point in 37 years, homeowners are heading to lenders to refinance their loans. Jeri Benner of Mason Dixon Funding said her firm did 400 mortgages in December; about three-fourths of those were refinancing ...
Plum Creek lays off more workers at five sites - MissoulianKALISPELL - Nearly 150 employees are being laid off at Montana lumber mills by Plum Creek Timber Co., bringing total recent job losses at the company to more than 250. They are the latest in a long string of northwest Montana layoffs, which since ...
Exclusive: Oval Office Watch – Friday, January 9 - Family Security MattersTransition officials confirm that President-elect Obama has asked Dennis Ross, Richard Haass, and Richard Holbrooke, to serve as his chief emissaries to world hot spots. With two weeks still left in President-elect Barack Obama's transition, the ...
Housing market stimulus - Odessa American OnlineOdessa property manager Carol Johnson and Realtor Steve Oliver have watched the ebbs and flows of the housing market in Odessa for 25 years - there's never a dull moment. Rental properties and hotels have been pushing 100 percent occupancy for the ...
A fast economic recovery? Yes, if stimulus is big enough, forecasters ... - San Jose Mercury NewsEconomics as the dismal science? Not in some quarters. In the midst of the deepest recession in the experience of most Americans, many professional forecasters are optimistically heading into the new year declaring that the worst may soon be over ...
Register for FREE - Wall Street JournalWill 2009 be bad, or really bad? Or maybe, just maybe, could investor hopes that markets stabilize in the first half of the new year come true? Early signals are mixed. Any optimism engendered by the Dow Jones Industrial Average's roughly 16% rise ...
Most Commented Articles - Orange County RegisterDaniel Sadek, the founder of defunct subprime lender Quick Loan Funding. Sadek bought the house at 65 Briar Lane, Irvine, in 2006 and refinanced it with a $678,000, interest-only mortgage that August. In August, Citi Residential Lending modified his ...
A life changing holiday in Thailand - Times OnlineMORTGAGE, what mortgage? I'm sitting at the edge of Huey Tueng Tao lake surrounded by mountains, pine trees and people floating by in swan-shaped boats, talking to my life-change therapist in Chiang Mai. As therapy goes, the last week had consisted ...
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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