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Chambliss, Martin Make Final Push Before Georgia Runoff - All Headline NewsAtlanta, GA (AHN) - Sen. Saxby Chambliss (R-GA) and Democrat Jim Martin are making their final push ahead of a runoff on Tuesday for a crucial seat that will put Senate Democrats one race away from getting a 60-vote majority that will block ...
AllRegs and The Mortgage Press Release Online Reverse Mortgage Guide - Businesswire.comEAGAN, Minn.--( BUSINESS WIRE )-- AllRegs , the leading information provider for the mortgage industry, and The Mortgage Press Ltd. , a publisher of 37 state-specific newspapers for the state affiliates of the National Association of Mortgage Brokers ...
Mortgage security rates fall after Fed action - Anchorage Daily NewsNEW YORK - Rates on Fannie Mae and Freddie Mac debt fell Tuesday - a promising sign that homeowners' mortgage rates could decline, too - after the Federal Reserve said it will buy up to $600 billion in mortgage-backed assets. The latest action by the ...
Treasury Department to Support Auto Loan Availability; Questions ... - Auto RemarketingWASHINGTON, D.C. — On Tuesday, the U.S. Treasury Department announced a new program designed to make auto loans more available for consumers; however some clarification still remains, according to the National Auto Dealers Association. As part of ...
What To Tell Your Kids About The Markets - ForbesForbes.com Investor Team stalwart Greg Ghodsi has a 529 college savings plan for each of his two children; he also bought into a pre-paid tuition program that will really pay off if they attend a Florida school. Ghodsi's kids are in good shape with ...
Dub unveils vision for arena in downtown Edmonton - Edmonton JournalEDMONTON - Edmonton architect Gene Dub unveiled a scheme Monday to put up a $300-million arena that he sees as a focal point of the Quarters project to revitalize the east side of downtown. The oval arena would be located south of police headquarters ...
Report: Area housing market is healthy - Palladium-TimesWhile it is undeniable that the country, and to a lesser extent the state, is in the throes of an economic crisis largely induced by the collapse of the subprime mortgage market, Oswego County has escaped virtually untouched by it. Local experts and ...
Arena Resources Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.comGreetings and welcome to the 2008 Arena Resources operating results conference call. (Operator Instructions). It is now my pleasure to introduce your host, Mr. Tim Rochford, Chairman of the Board for Arena Resources. Thank you, Mr. Rochford. You may ...
Site Presented By - SalonTell us something we didn't know. The National Bureau of Economic Research, the organization that "officially" decides when recessions begin and end, has finally declared what most of us have suspected for quite some time. The United States economy ...
A variety of news around Oregon and the Northwest - Ashland Daily TidingsSALEM — Oregon’s discretionary budget pie for the next biennium is worth about $16.1 billion, and on Monday Oregonians will get a better idea of who gets a slice and who gets sliced. Gov. Ted Kulongoski will announce his proposed state budget for ...
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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