Wilmington Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Smaller mortgage lenders see opportunity - Arlington Heights Daily HeraldAs many of the biggest U.S. banks continue to pare back their mortgage lending, some smaller financial institutions see global financial turmoil as an opportunity to pick up market share. The eight largest mortgage lenders, as measured by total ...
Supply of Wilmington-area homes on market shrinks - Star News OnlineOctober sales of existing homes took a bigger tumble than expected across the country, down more than 3 percent from September’s total, the National Association of Realtors reported Monday. Locally, however, the ill winds are blowing a bit more ...
Shock of job loss hits Wilmington - Cincinnati.comWILMINGTON, Ohio – This is what a recession looks like: Empty storefronts in the heart of downtown with “For Rent” and “For Sale” signs hanging in the windows. This is what a recession sounds like: The voices of hundreds of parents ...
Wilmington: Now what? - Cincinnati.comWILMINGTON, Ohio - This is what a recession looks like: Empty storefronts in the heart of downtown with "For Rent" and "For Sale" signs hanging in the windows. This is what a recession sounds like: The voices of hundreds of parents calling a charity ...
Carlyle's Hawaiian Telcom Files for Bankruptcy - Washington PostCarlyle Group , the District-based private-equity firm, suffered a new setback yesterday when one of its investments, a Hawaiian provider of local and long-distance telephone service, sought bankruptcy protection from creditors. Carlyle had put $425 ...
ING DIRECT Launches Bold Media Campaign “We the Savers ... - EarthtimesWILMINGTON, Del. - (Business Wire) ING DIRECT, the nation’s largest direct bank, announces a far-reaching media campaign urging Americans to save. The multi-faceted campaign allows participants to sign the online “Declaration of Financial ...
Career Moves - Raleigh News & ObserverStory Tools Donald R. "Don" Edwards has been named project manager at Southern Industrial Constructors/Southern Crane, industrial contractors in Raleigh. Jason Newton, a partner with Yates, McLamb and Weyher law firm in Raleigh, was elected treasurer ...
U.S. Consumers Spending Same or More Than Last Year on Holiday Gifts ... - EarthtimesWILMINGTON, Del. - (Business Wire) Holiday shoppers are not planning to reduce their spending significantly, despite news of financial turbulence, according to a new survey released today by ING DIRECT, the nation’s largest direct bank. The survey ...
Kaufman to fill Biden's seat in Senate - The Washington TimesEdward E. "Ted" Kaufman , longtime adviser and chief of staff for Vice President-elect Joseph R. Biden Jr., will serve the first two years of Mr. Biden's Senate term as the Delaware Democrat prepares to move to the White House. Delaware Gov. Ruth Ann ...
Bankruptcies up amid downturn - GazetteIn 2006, Caruso Homes was riding the national housing wave. The Crofton home builder racked up $161 million in revenue, ranking among the nation's 200 largest by Professional Builder Magazine. That same year, Caruso was named America's Best Builder ...
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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