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News about Mortgages:
First-time buyers pay extra for best mortgages - MyFinances.co.ukUsing Mortgage Finder to find the best mortgage and remortgage deals could save you thousands of pounds. Find the right cheap mortgage or cheapest remortgage. Buyers with small deposits are paying £2,230 a year more for the same loan as those who ...
Struggling families given six-month reprieve as RBS delays ... - Times OnlineBorrowers who fail to maintain mortgage repayments will be given a six-month breathing space under a plan due to be announced today by the Royal Bank of Scotland. The bank, which owns NatWest, is expected to promise not to repossess homes for six ...
Reprieve for families as RBS delays repossessions - Times OnlineBorrowers who fail to maintain mortgage repayments will be given a six-month breathing space under a plan due to be announced today by the Royal Bank of Scotland. The bank, which owns NatWest, is expected to promise not to repossess homes for six ...
House sales pick up but price trend is still downward - Times OnlineHouse prices fell by 1.5 per cent last month, wiping about £2,500 off the value of an average home, official figures show. This was the fourteenth consecutive monthly fall, pushing the average price down to £165,529, according to the Land Registry ...
Scotiabank Reports Fourth Quarter and Full Year Results - MSN MoneyCentralFiscal 2008 highlights (year over year) - Earnings per share (diluted) of $3.05 versus $4.01, includes $0.82 from writedowns - Net income of $3.14 billion, down from $4.05 billion, includes $822 million from writedowns - ROE of 17%, versus 22 ...
Retail sales soar past expectations - Globe and MailMike G from Canada writes: If everyone just minds their own business and stop talking doom and gloom, things would get better. North Amercian economies are consumer driven. As consumer confidence goes down, there goes the economy. If the house prices ...
This is not going to go well - Globe and MailTIME FOR CONS TO WISE UP from DUMPING HARPER IS YOUR ONLY CHANCE, Canada writes: . Mr Radwanski, you and your Globe colleagues need to get your heads around the most important thing here. It doesn't matter what form the coalition takes. It must ...
Rebellion over SNP finance package grows in public and private sectors - ScotsmanPRESSURE continued to mount on the Scottish Government yesterday as business and council leaders drew battlelines over SNP policy. As revealed in The Scotsman, leaders of Scotland's leading business organisations, known as the Group of Six, met with ...
The Tories are doing what they must – but they don't like it - Globe and MailJust In from Canada writes: 'The Conservatives raise money more easily than the others, so by eliminating the $1.75 per vote subsidy, they are trying to use this economic crisis for their partisan advantage. Canadians fought a long battle to get ...
Fishing lobster not what it used to be - The Chronicle HeraldLobster boat skipper Danny Shand of Clark’s Harbour, Shelburne County, faces the lobster season with concerns about market prices. (BRIAN MEDEL / Yarmouth Bureau) EDITOR’S NOTE: How is the global economic crisis affecting Nova Scotians? We answer ...
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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