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UPDATE 2-UK regulator proposes BT wholesale price rises - ReutersLONDON, Dec 5 (Reuters) - Ofcom, Britain's communications regulator, has proposed increasing the wholesale prices that BT Group (BT.L: Quote , Profile , Research , Stock Buzz ) charges other telecoms providers to cover the impact of inflation and ...
Mortgage Vs. Medicine - NewsweekThis week Billy Annese turned 28. That's remarkable since doctors once predicted that he'd never make it past 16. Annese suffers from a disease called Friedreich's ataxia, a progressive neurological disorder that, much like multiple sclerosis, gets ...
Mortgage advice - GMTVWe'll all be watching the news later today to see if the Monetary Policy Committee (MPC) drops the Bank of England base rate again. Off the back of huge reduction of 1.5% last month, the base rate currently stands at 3%, although it's widely expected ...
Lower Rates Help Sell Homes, But Won't Cure Broader Ills - Wall Street JournalA possible move by the Treasury Department to push down mortgage rates has raised the hopes of home buyers, real-estate agents and economists -- and the share prices of residential builders and related businesses. But the proposal, if implemented as ...
A little red, a lot of green - Herald TribuneRed and green, especially green, are the colors of the season for the Junior League, which holds its annual Holiday Tour of Homes next weekend with a nod to the sustainability movement. Homes on the tour The Smith Home, 1378 21st St., Sarasota. The ...
Police: Man rented foreclosed Fresno homes he didn't own - Contra Costa TimesAn elaborate scam taking advantage of the mortgage crisis unraveled, authorities say, when Kristen Ables found another family living in her Fresno house. "It was a mixture of disbelief and anger" that she felt on learning that she had been victimized ...
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
A Red/Blue imbroglio: one cheats, the other freaks - Red Bank HubNot far up the interstate from where I live, in a little town you've driven through hundreds of times, gasoline was selling for $1.39 a gallon last weekend. Pretty cool, huh? When I heard that, I thought about Peggy Joseph, the woman who was ...
Hamish McRae: If the recession won't be that bad, why will we go so ... - The IndependentSo what will happen to the economy during the next couple of years? If the recession is shallow and short, then we might just about scramble through. But if not, then we will be in a huge mess, having to tighten policy while we're still in recession ...
Wrestling with a new career - Louisville Courier-JournalThe people who call Mike Bucci looking for a mortgage can't see his face, but they often know exactly what he looks like. His thick New Jersey accent might help customers remember Bucci as a professional wrestler performing on television before ...
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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