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GuardHill expanding, undeterred by downturn - Stamford AdvocateDespite the slow economy, some companies in the residential finance sector are thriving, including a New York City business that plans to expand its New Canaan office. GuardHill Financial Corp., a New York City-based mortgage broker, has said it ...
Rentals Up, Buyers and Sellers are Cautious - Connecticut PostReal estate agent Ruth Jones has been spending a lot of time lately trying to calm anxious clients who have homes on today's market. "It's like being a doctor and having to give a bad diagnosis," Jones said. "They're nervous. Their houses aren't ...
N.Y. town basks in glow of Hollywood - Bennington BannerNEW LEBANON, N.Y. — The hippies are gone. So are the detours. And the chilled lobster tails. The movie stars have left. Ang Lee's headed south. And there's a dearth of naked people running around Columbia County. This is the hangover in the ...
Celebrating Woodstock - Berkshire EagleRand Angelicola, a scenic artist from New York City, paints a sign this summer for a motel in New Lebanon, N.Y., that served as a primary set for 'Taking Woodstock.' The hippies are gone. So are the detours. And the chilled lobster tails. The movie ...
Locally, black residents elated over Obama - Knoxville News SentinelMinister Elonda Wood, left, and Benny Wood laugh Wednesday night at Canaan Baptist Church of Christ. The Rev. Harold Middlebrook, pastor of the church, said of Barack Obama, "He represents that anyone in this land can achieve the highest office, if ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Peg Brickley reports: Lehman Brothers filed for Chapter 11 bankruptcy Monday in New York, as expected, listing debts of $613 billion and naming ...
Day Of Reckoning Dawns For Denizens Of Hedge-Fund Heaven - Free Internet PressGreenwich, Connecticut. It isn't easy to get the super-rich to discuss their money woes, and the Rev. Chuck Davis, who runs the Stanwich Church here in the hedge-fund capital of the world, has tried. His flock includes the mandarins of finance who've ...
Will this be the end of prostitution? - Women.timesonlineWhen Richard Gere picked up Julia Roberts in his Lotus Esprit in Pretty Woman, it was the start of a great Hollywood romance. The classic prostitute with a heart of gold, she was transformed almost instantly into a glamous sex kitten, equally at home ...
Sowell: Ignore the polls; your vote still counts - Record SearchlightIt may seem hardly worthwhile going to the polls to vote this election year, since ACORN and the media have already decided that Barack Obama is to be the next president of the United States. Still, it may take more than voter fraud and media spin to ...
LDS church seems to have forgotten its own past - Twin Falls Times-NewsRegarding the LDS Church's involvement in California's Prop 8, it occurs to me that it wasn't all that long ago that its members were the targets of hatred, prejudice and bigotry for a practice that was not only against the law but was deemed immoral ...
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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