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John Lewis sales figures send out mixed signals - Guardian UnlimitedFollowing yesterday's hefty interest rate cut, retail bosses are crossing there fingers for a late surge in Christmas spending. But the signs are at best mixed. John Lewis this morning reported a 6.1% fall in overall sales last week (to November 29 ...
In four Union towns, taxes hit five figures - Newark Star-LedgerThe average homeowner's tax bill in four of Union County's 21 communities has now crossed the $10,000 mark, according to county tax officials. In Summit, Westfield, New Providence and Scotch Plains, the average homeowner is now looking at an annual ...
No, I'm not willing to spend for my country - Times OnlineIn this time of national adversity the country needs leadership by example. Instead of fan-mailing X Factor finalists, Gordon Brown should be down in the Westfield shopping mecca rewarding Sarah for swinging that Scottish by-election with a Christmas ...
Toy for Joy campaign launches 86th season in Western Mass. - Union-News & Sunday RepublicanSPRINGFIELD -Registration for Toy for Joy, which has brightened the Christmas mornings of needy families for 85 years, will commence on Monday. The annual holiday campaign, sponsored by The Republican and the Salvation Army, launches its 86th season ...
Business Calendar - HometownAnnapolis.comThe sessions are: Advantages of Homeownership, Wednesday; Credit Review/Pre-qualification, Thursday; Obtaining a Mortgage, Home Selection/Writing a Contract, Dec. 10; Closing/Post-Purchase Counseling, Dec. 11. For more information or to register ...
In Hindsight: Holiday door busters: Does that come in gray? - San Jose Mercury NewsPalo Alto tech titan Hewlett-Packard already provided a preview of the earnings report for its latest quarter, so the actual numbers weren't much of a surprise: HP said its profit was $2.1 billion, and revenue was up 19 percent from a year earlier to ...
Central Jersey homes become even more affordable - MyCentralJersey.comIn August, the statistics showed that home prices had leveled off, and that it was an opportune time to buy a home. But then the economy went into a tailspin in October, and New Jersey home-sale contracts slowed to 28 percent fewer than October 2007 ...
Tim Lott: If this is the end of the road, there must be a rainbow... - The IndependentOur writer looks around him and sees no signs of the recession. Is it just him, or is everything fine? Lately, whenever anybody asks me how I'm doing, I find myself, as if by reflex, parroting the phrase, "Oh, struggling." Or I might mumble, "You ...
BUSINESS BRIEFS - Herald TribuneSOUTHWEST FLORIDA -- The average rate for a conventional 30-year fixed mortgage on a owner-occupied, single-family home with 20 percent down on Tuesday afternoon was 5.75 percent, which is down from Monday's rate of 5.875 percent, Sarasota's Sentinel ...
Boston Private Financial lost quarter billion dollars - Boston Business JournalBoston Private taking $66 million charge in Westfield Capital Management deal Wells tiptoes back into wholesale mortgage biz Boston Private Financial to take hit on Calif. loans Boston Private boosts stake in Bay Area money manager Boston Private ...
Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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