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News about Mortgages:
Obama tells NY Times he'd do better without Fox News around - Los Angeles Times BlogsThe New York Times, of all places, has a long interview coming out Sunday with the freshman senator from Illinois, Barack Obama. In it, the Democratic presidential nominee, who's leading in most recent political polls, still bemoans the existence of ...
Humane Society looks to expand - Times-ArgusBARRE – The Central Vermont Humane Society has signed a contract to buy Ruby's Run Pet Bed and Board in East Montpelier and plans to close on the sale the first week of December. Ruby's Run will stop boarding animals after the Thanksgiving holiday ...
Today's Mortgage Terms starting with E
Equity: The difference between the current market value of a property and the total debt outstanding against the property.
Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
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