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Iannello holding budget hearing tonight in Kenmore - Buffalo NewsErie County Legislator Michele Iannello, D-Kenmore, will host the last of her three town meetings regarding the county budget at 6 p.m. tonight in the Municipal Building at 2919 Delaware Ave. in Kenmore. The public is invited to a discussion with ...
Slowly, mortgage help comes - Buffalo NewsAs federal agencies and the mortgage industry announced new initiatives last week to speed help for struggling borrowers, three of the area’s biggest lenders say the new efforts won’t change what they do because they’ve already been proactive ...
Two jobs gone; money running out - Seattle TimesRon Henson sits in his family's home in Kenmore. He and his wife bought the house expecting to paint the living room and buy furniture. But out of work since June, he now worries that they won't even be able to pay the mortgage. Solid Ground : Call ...
Former church business officer jailed for failing to repay money she ... - Buffalo NewsA former business officer at St. Andrew Catholic Church in Kenmore was jailed today for failing to make the promised restitution of the money she stole. Bonnie L. Radigan, 61, had her bail revoked by State Supreme Court Justice M. William Boller. The ...
USA Cycling National Festival - NE - Cycling NewsThe first stars-and-stripes jerseys were handed out Thursday as time trial champions were crowned at the 2006 USA Cycling National Festival at Seven Springs. Kristin Armstrong (Boise, Idaho / TEAm Lipton) defended her national title on the rolling ...
King County median home price falls below $400,000; first time since ... - Seattle TimesThe economic turmoil that gripped the nation in October took its toll on the Seattle-area real-estate market. Sales and new listings in King County both dropped significantly last month, according to statistics released Thursday by the Northwest ...
Washington Real Estate Investment Trust reports mixed earnings - Washington Business JournalDespite significant increases in rental rates compared to last year’s third quarter, funds from operations dropped slightly — by 1 percent — at Washington Real Estate Investment Trust . The Rockville-based trust (NYSE: WRE) posted funds from ...
Keep track of money you spend - Akron Beacon JournalThe talking heads on television and self-styled financial pundits in print have had their epiphany. It's time to get back to basics, many proclaim. Their latest advice, dispensed with the customary ring of authority, is to keep track of the money we ...
Judgement Day is coming soon - Picayune ItemIt isn’t often that public outrage peaks so close to an election, but this is a rare moment in history when “we the people” can exact a price from the political leadership that has duped, scammed and lied to them, contributing mightily to 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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