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Ask the experts - your questions answered - October 2006 - TiscaliEach month we ask different Independent Financial Advisers (IFAs) to give us their solutions to issues facing those who take an interest in their money. Expert opinions each and every month. It is easy to contact an independent financial adviser in ...
Housing slump deepens as prices drop most in 26 years - Globe and MailSilver Standard (America is a welfare queen superpower) from Canada writes: Well guys in a few years I will finally be able to afford a house. I remember earlier this year I was insulted on this forum for saying such a thing. Prices are going to fall ...
REAL ESTATE - News-Democrat• 2123 E. B St.; from Winter-Giess Partnership; to Kevin A. Bailey and Deloris Bailey; $27,500. • 2012 E. C St.; from Department of Housing and Urban Development; to Kenworth Clarence Johnston; $62,000 mortgage, but no sales price available ...
BofA dumps downtown office space - Baltimore Business JournalNation’s largest bank to vacate 220K s.f. in Calvert St. building The nation’s largest bank is making a big deposit in downtown Baltimore: 220,000 square feet of vacant office space. Bank of America Corp. is planning to leave that much space at ...
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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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