Altoona Mortgage Rates and Information Online from competing Lenders

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Blair forms new Credit Card Court - Altoona Mirror
HOLLIDAYSBURG - Local residents are defaulting on their credit card payments and mortgages at a record rate, leading Blair County judges to form what has loosely been referred to as a Credit Card Court. The purpose of the new system, which went into ...

Toy story over for mother behind Slinky - Hong Kong Standard
Betty James, who named the toy her husband invented - the Slinky - and rebuilt the toy company he abandoned, making the springy plaything a pervasive part of American culture, has died. She was 90. James, who served as chief executive of the family ...

You should get to know ... CARMIE RENDA - Des Moines Register
Owner, Bordo's Eatery & Sauce, West Des Moines; owner, Olde Town Tap, Altoona; and vice president of Mortgage Loans, City State Bank, Norwalk Job description: As a loan officer, I help people accomplish their dreams of home ownership. I also find ...

Demolition halted; plans for site remain mystery - Tribune-Democrat
EBENSBURG — Codes enforcement officials on Wednesday halted demolition of a building on land the state sold to Altoona-based developers. Meanwhile, long-term plans for the five-acre site near the intersection of routes 219 and 22 still are under ...

'Hope Now' Hot Line Frustrates Borrowers Needing Help Now - BusinessWeek
A telephone hot line run by the Hope Now Alliance , a public-private partnership launched by the White House in October as a lifeline for homeowners facing foreclosure, appears to be leaving many callers more frustrated than hopeful. The hot line’s ...

Trusting woman buys home, now faces foreclosure - Des Moines Register
After living in homes owned by others for 50 years, Marlely Davis finally realized the American dream. She lived in her parents' home into her late 20s in Indonesia, tending to them while sewing curtains for money. She lived in rental homes in the ...

Betty James dies at 90; namer of Slinky kept the toy brand alive - Los Angeles Times
Betty James, who named the toy her husband invented -- the Slinky -- and rebuilt the toy company he abandoned, making the springy plaything a pervasive part of American culture, has died. She was 90. James, who served as chief executive of the family ...

Home sweet home - Altoona Mirror
Despite a shaky economy, local real estate agents say the local market remains fairly stable. For example, 125 homes were sold in August and September through the local multi-listing service, which includes Blair, Bedford and northern Cambria ...

Home Prices Across PA Tumble, Study Finds - Yahoo Finance
HARRISBURG, Pa., Sept. 9 /PRNewswire/ -- As policy makers in Washington, D.C., scrambled yet again over the weekend to contain our national financial crisis -- this time through a government takeover of mortgage giants Fannie Mae and Freddie Mac ...

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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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