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News about Mortgages:
Couple takes Greenleaf to court - News-Leader.comA Republic couple who made monthly payments but nearly lost their home is suing Greenleaf Cos., accusing the Springfield company of breach of contract and questionable business practices. David and Susan Foster filed the lawsuit Nov. 25 in Greene ...
Greenleaf sued for millions in new cases - News-Leader.comA Nixa couple and a Nixa man sued by Greenleaf Cos. of Springfield for not paying rent have in turn sued Greenleaf and its affiliates in federal court, saying they have engaged in real estate fraud and conspiracy. Timothy and Marcia Thompson, as well ...
Berkshire County Real Estate Transactions - Berkshire EagleWells Fargo Bank National Association, Countrywide Home Loans Servicing LP, Securitized Asset-Backed Receivables LLC 2005-Fr3 Mortg and Countryside GP LLC sold property at 47 Valley St., Adams, for $59,900 to Stephen T. Meczywor. Federal National ...
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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