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Trinis withdraw funds from US$ accounts - Trinidad ExpressTrinidad and Tobago customers who invested money in United States bank accounts are bringing their funds back to local commercial banks because of the financial crisis in the US and other countries around the globe. Republic Bank Ltd's managing ...
Bucyrus completes purchase of Czech firm, OKD Bastro - Milwaukee Journal SentinelDec. 2, 2008 10:06 a.m. | Bucyrus International, Inc. ( BUCY ) has completed the acquisition of OKD Bastro, an engineering services and manufacturing support company located in the Czech Republic. The company's capabilities will support Bucyrus' long ...
Delta, Northwest airlines post traffic declines - Milwaukee Journal SentinelDec. 4, 2008 2:50 p.m. | Delta Air Lines Inc. today reported November traffic declines for both its Delta and Northwest Airlines units. For the Delta operations, revenue passenger miles in the United States dropped 10.5% compared to November 2007 ...
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 ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...
Failed New Port Richey project has Gainesville backer - Gainesville Sun- Just four years ago, downtown New Port Richey had few champions as prominent as Peter Altman. A former mayor and Pasco County commissioner, Altman dreamed up Main Street Landing, a residential and retail project expected to revive the downtown, and ...
Developers and Dreamers Battle Over Berlin Identity - Der SpiegelPoliticians, residents and investors are embroiled in a fight over the banks of Berlin's Spree River. Part of the issue boils down to the fundamental question of whether it will be citizens or the business community that shapes the city's image. To ...
AMERICAS NEWS AT 0500 GMT - PR InsideWASHINGTON _ An aide to Barack Obama's transition team says the president-elect is on track to nominate Sen. Hillary Rodham Clinton as secretary of state as early as next week. Developing. By Nedra Pickler. WASHINGTON _ The $25 billion rescue plan ...
What can John McCain do? - Atlanta Journal ConstitutionBarack Obama enters the final week of the presidential campaign with supporters and the media propelling the inevitability of his coronation a week from Tuesday. What can John McCain do? He has six work days and a weekend to convince the nation that ...
Saving car giants will cause havoc, Gordon Brown warns US - Times OnlineIn a veiled warning to the next American President, Gordon Brown described protectionism as the “road to ruin” yesterday as international tensions surfaced at the start of the G20 summit in Washington. As world leaders assembled for dinner at the ...
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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