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Being the kind of people he believed we were - Daily PressM ohammed "Mike" Laktami was on top of the world Sunday night. On the phone with a friend and fellow cabbie, he counted his blessings between fares. "This is by far my best day in the United States," Laktami told him. "I made so much money." Life was ...
Steve's buoyant after boat boom - This is SentinelTHE credit crunch has created a headache for the property industry, but boat-builder Steve Andrews has seen a raft of new sales. Mr Andrews, aged 44, founder of Great Haywood Boat Sales (GHBS), has seen demand rise from people wanting to buy ...
Tapscott hopes to give Wizards new identity - Boston GlobeWASHINGTON - After his first win as an NBA coach, Ed Tapscott congratulated his players in the Washington Wizards locker room by reciting the goals they had achieved. They had outrebounded the Golden State Warriors. They had held the Warriors to ...
'Tap' tries to give Wizards a new signature - CBS SportslineWASHINGTON (AP) -After his first win as an NBA coach, Ed Tapscott congratulated his players in the Washington Wizards locker room by reciting the goals they had achieved. They had outrebounded the Golden State Warriors. They had held the Warriors to ...
Tapscott tries to give Wizards new signature - SLAM! SportsWASHINGTON - After his first win as an NBA coach, Ed Tapscott congratulated his players in the Washington Wizards locker room by reciting the goals they had achieved. They had outrebounded the Golden State Warriors. They had held the Warriors to ...
Haywood towers fall to obstacles - Asheville Citizen-TimesASHEVILLE – The developer who had proposed putting two buildings more than 20 stories tall in the western end of downtown dropped the idea Tuesday, saying the state of the economy and the city development review process present too many obstacles ...
Credit crash Britain - Money for nothing - BBC NewsIn the UK, the average deposit required for a mortgage product, according to Moneyfacts, has jumped from 10% to 20%. Getting a mortgage used to be easy, but that is no longer so Millions of credit card and loan applications have been refused, and ...
College sports try to fend off blitz from economy - Seattle Post IntelligencerADVANCE for Nov. 15 and 16; Map shows athletic institution donations by conference and charts top three conference fundraisers; two sizes; ATHENS, Ga. -- While Georgia practices just beyond the walls of his office, Alan Thomas toils over his own game ...
Bradley’s Buzz: T(otal) B(lackout) S(aturday) - Atlanta Journal ConstitutionThe folks at TBS are taking a pelting. The network pulled one of the all-time whiffs by losing the broadcast of the first 20 minutes of Saturday night’s ALCS Game 6. Deadspin called it an epic failure , and AwfulAnnouncing.com wondered why baseball ...
Trick or Treat or Just the Facts - Safe HavenGlobal markets regained some composure. Here at home, it was apparently the biggest one-week market gain since 1974. The Dow jumped 11.3% (down 29.7% y-t-d) and the S&P500 rose 10.5% (down 34%). The broader market rallied sharply. The small cap ...
Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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