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Hope for homeowners as rates fall below 5 per cent - Guardian Unlimited
Homeowners looking to remortgage could soon benefit from some of the lowest fixed-rate deals in almost a year after the Bank of England base rate cut. Immediately after the 1.5 per cent reduction two weeks ago, 849 mortgage products were withdrawn ...

How banks' so-called hotshots cleaned up - Independent
Share THE key executives running Ireland 's imploding banks have been paid close to €100m in salary, bonuses, options and special conditional share awards since they took office in the past four years. The near collapse of the Irish banking systems ...

Mortgage debt forces thousands to sell up - Times Online
More than one in five homes on the market are there because their owners cannot afford the mortgage repayments, The Times has learnt. A survey of estate agents suggests that at least 5,000 properties a week are being put up for sale by “forced ...

Business people - Anchorage Daily News
Summit Mortgage recently hired Colin Krieger as a mortgage loan officer. He has worked in the loan mortgage industry since 2003. He is a member of the National Mortgage Bankers Association, Anchorage Home Builders Association and Armed Services YMCA ...

What luxury looks like now - Women.timesonline
The Kurt Geiger boutique on South Molton Street in Mayfair looks cool, even on an unseasonably warm November day. The impeccably polished burgundy cabinets are full of the latest shoes. The Gina Rox come with stratospheric heels and an even giddier ...

Tax preparer guilty of fraud - Burlington County Times
BRISTOL - As a self-taught tax preparer for some of Lower Bucks County's Liberian immigrants, Bristol's Aneza Abalo falsified her clients' tax forms with deductions for children that didn't exist, fake education expenses and charitable contributions ...

Good housekeeping is a gamble that may win - Times Online
A helpful rule of thumb for assessing the fanfare that habitually precedes a Gordon Brown initiative, is that there will be less to it than meets the eye. Under scrutiny, these things tend to come apart in our hands, shot through with failures of ...

On The Move - Elkhart Truth
Average Rating: This item has not been rated yet. ELKHART -- Pedcor Management has announced personnel changes to Ashton Pines Apartment Community. Chantell Bailey has been appointed leasing representative. She has more than 15 years experience in ...

The Reporter - Guardian Unlimited
"The risky way to get it Together" was the headline on a Guardian Money article almost three years ago which told how first-time buyers were snapping up a Northern Rock mortgage that allowed you to borrow as much as 125% of a property's value. The ...

Budget airline 'jeopardized windpipe transplant' - CNN
The delay jeopardized the success of the delicate operation, British media said. The stem cells had been grown in a laboratory in Bristol, western England, but had to be flown to Barcelona ahead of the world-first operation last June. With a 16-hour ...

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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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