Cunningham Mortgage Rates and Information Online from competing Lenders

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Without Lam, U.S. Attorney's Office Takes Different Tack - Voiceof San Diego
Tuesday, Dec. 2, 2008 | There were executives at Alvarado Hospital and Peregrine Systems. San Diego city councilmen and pension officials. And the most remarkable of them all -- the most corrupt congressman ever caught, Randy "Duke" Cunningham. All ...

$4m loan becomes $1 billion lawsuit: Businessman refuses to pay - Jamaica Gleaner
Mandeville businessman Michael Levy, who borrowed $4 million from a commercial bank in 1994, is now facing a lawsuit for $1 billion arising from the loan transaction. The loan related to a mortgage on a 40-shop commercial complex in Mandeville ...

Blagojevich Wants Bush To Commute Former Illinois Gov. George Ryan's ... - All Headline News
Chicago, IL (AHN) - Making a Thanksgiving appearance at a non-profit that assists homeless people, Illinois Gov. Rod Blagojevich said President George W. Bush should commute the prison sentence of former Gov. George Ryan, according to the Chicago Sun ...

Economists see county recession's long reach - San Diego Union-Tribune
Although the nation's leading economists have determined that the national recession began in December 2007, regional economists are split over when San Diego County slipped into recession. Some mark the beginning of the recession as early as spring ...

JK Rowling's latest book unveiled - Harrow Times
A £2 million original version of JK Rowling's latest book has been unveiled as Harry Potter mania grips the globe once again. The unveiling comes as The Tales Of Beedle The Bard, the first new book from the author since Harry Potter And The Deathly ...

Obama urges action on economy - Knoxville News Sentinel
CHICAGO - Citing an "economic crisis of historic proportions," President-elect Barack Obama urged Congress to pass a costly, job-creating stimulus bill as quickly as possible, a rare pre-inaugural call to action delivered as the outgoing Bush ...

These ideologues destroyed out economy in the 80's and we're about to ... - Globe and Mail
Classic Sadist Harper..... If there is going to be a deficit the opposition will have to get down on their hands and knees and beg for one. You're the first winner (or is it loser) of the Godwins Law Sweepstakes. Thanks for mentioning Hitler and ...

Opposition takes hit as Tories move to cut $27-million subsidy for ... - Globe and Mail
What Harper should do is deny the vote in the next election to anyone who didn't vote in this past election. Then Harper's enthusiasts would have a commanding -- well, marginal -- advantage next time. Who needs democracy when you're a self-righteous ...

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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