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News about Mortgages:
Buyers sue Stowe resort over delays - Burlington Free PressStowe Mountain Lodge is the defendant in a growing number of lawsuits filed by people who signed contracts to buy accommodations in the resort’s lavish new housing complex. The lodge is the centerpiece of a series of $400 million in upgrades ...
Priceline.com’s Ski Sale Offers Champagne Powder On A Beer Budget - EarthtimesNORWALK, Conn. - (Business Wire) Don’t let the economy stop you from scratching that itch for double black diamonds (or maybe the bunny slope). Priceline.com (Nasdaq: PCLN) has some incredible deals on airfares, hotels rental cars and vacation ...
The best of A&E 2008 - Nevada JournalIn the past year and a half since I joined The Tribune, I have had the pleasure of experiencing amazing orchestras and musicians, fascinating theatrical performances, vivid exhibits of two- and three-dimensional art, and the talents of locally-grown ...
Court news - Hendricks County FlyerNathan Adam Daniel, Danville and Kisha Rachelle Zigler, Brownsburg. Anthony J. Dick, Plainfield and Kimberly A. Ehmen, Indianapolis. Travis Lee Fields, Carbon and Lindsey Sue Buck, Brownsburg. Nathan Andrew Finlay, Danville and Sarah Elizabeth Baker ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Ken Moelis has one foot out the door at UBS, but that didn’t stop him from helping the firm corral its biggest prize of the year. Moelis, who ...
Sea Ray plant closing; at least 275 jobs being cut - Knoxville News SentinelBrunswick Corp. is closing its Riverview boat manufacturing plant in the Forks of the River Industrial Park in East Knox County, the company said today. The plant will stop making Sea Ray boats in the first quarter with production moved to other ...
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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