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AREA DEATHS - Chincoteague BeaconHe was preceded in death by his son, Robert Bender; and a daughter, Sally Ann Zeisloft. He is survived by his wife, Mabel; a son, George Bender; a step-son, Perry Townsend; daughters, Frances O'Keefe and Virginia Bell; a step-daughter, Patricia Via ...
Empty homes a danger to fire fighters and a nuisance to officials - MetroWest Daily NewsAs the staggering economy leads to more foreclosures, local officials are left to deal with the problem of keeping the empty homes from becoming eyesores and safety hazards. On Labelle Street in Marlborough, the contents of a foreclosed home ...
Editorial: Stemming the tide of foreclosures - MetroWest Daily NewsThe national numbers are staggering: An estimated 1.5 million homeowners went through foreclosure last year, and another 1.2 million in the first six months of this year. The FDIC estimates that unless something is done, between 4 million and 5 ...
One Sixth of Paradise - Boston GlobeEver since they first visited Bermuda on their honeymoon in 1996, Kevin and Peggy Farren of Quincy had dreamed of purchasing a second home there. "We'd go to other places and say, 'Oh, it's not like Bermuda,' " Peggy says while lounging in shorts and ...
Business Agenda - Cincinnati.comJob Search Focus Group: 9-11 a.m., Hyde Park Community United Methodist Church, 1345 Grace Ave. New member orientation begins at 8 a.m. There will be a job fair following the meeting, from 11 a.m.-1:30 p.m. Details: 513-871-0320. Tuesday, November 18 ...
High electric rates concern RTM - TriVallyCentralBRANFORD - The Representative Town Meeting is considering taking a stance against the state's escalating electric rates. The grass-roots organization, Fight the Hike, has asked Branford officials to sign a resolution that will be presented to state ...
That sinking feeling - Delaware OnlineBecause of various problems that arose during construction, the Thomases have been unable to make the full monthly mortgage payment of $4,203 "since Day One," Melissa Thomas said. Initially, they figured the rising housing market would solve their ...
Business Digest - Providence JournalFM Global to increase work force FM Global, the property insurer based in Johnston, plans to increase its information-technology work force by 6 percent by year’s end. It plans to hire 26 information-technology professionals and a dozen paid ...
W. Haven suffers state rebuke on its fiscal condition - New Haven RegisterFinances in West Haven are still deteriorating and swift action — including the possibility of raising taxes — must be taken to get the city back on track, according to the state Municipal Finance Advisory Commission. Advisory commission members ...
Putting hope on the streets - Delaware OnlineWhere others see boarded-up row houses, Gary Pollio sees the potential for revitalizing a down-at-the-heels West Center City neighborhood in Wilmington. Interfaith Community Housing of Delaware, where Pollio is executive director, is partnering with ...
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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