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Mega housing project for Nairobi - East African StandardFourways Junction, a mega project by Suraya Property Group, is set for construction along Kiambu Road at the junction with the proposed northern bypass. Minister for Local Government, Musalia Mudavadi, will officially launch the project at the ...
Applied Materials Sees More Customers Using Thin Film in 2009 - Seekingalpha.comApplied Materials ( AMAT ) expects to cut only a handful of employees from its solar division and see its customers spending less on buying its thin-film equipment over the next year. The recession and the credit crunch, along with more intense ...
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Housing market looks good - Minot Daily NewsMinot's housing market is healthy and growing modestly, according to an independent real-estate market forecaster. Housing Predictor forecasts Minot will end the year with a 3.5 percent increase in sales prices, which is a good showing compared to ...
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 ...
COTS works to prevent homelessness - Burlington Free PressThe Giving Season is The Burlington Free Press' annual holiday appeal to help those in need in our community. Now in its 14th year, the campaign continues to focus on three core agencies that provide people's most basic needs. The Committee on ...
Business openings for Galveston County - Galveston County Daily NewsWHO: 3-Share Plan WHAT: Health benefits program WHERE: UTMB clinics in Texas City, League City and Friendswood; and UTMB Island clinic on Stewart Road in Galveston CALL: 866-607-0108 WHO: A B Sign Shop WHAT: Signs, banners, wide format printing, etc ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...
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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