Hustler Mortgage Rates and Information Online from competing Lenders
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Obama turns to friends and foes for top posts - International Herald TribuneWASHINGTON : President-elect Barack Obama plans on Monday to announce six experienced hands to fill top administration posts, moving at record speed to name the leadership team that will guide his presidency through a time of war and recession. His ...
Obama tells NY Times he'd do better without Fox News around - Los Angeles Times BlogsThe New York Times, of all places, has a long interview coming out Sunday with the freshman senator from Illinois, Barack Obama. In it, the Democratic presidential nominee, who's leading in most recent political polls, still bemoans the existence of ...
2008 Gift Guide: Big boxes to make your holidays bright - Cleveland Plain DealerThere are plenty of excuses, if you want them. The mortgage crisis. The credit squeeze. The weather (it was 60 degrees on Friday). The traffic lights on Euclid take too long to turn green. But let's face it: You and I and Aunt Ida aren't going to ...
Handicapping the field of potential Manny suitors Friday, Nov. 7: - Boston GlobeNow the 36-year-old slugger just has to prove he can sustain it at this stage of his career. Otherwise, his performance in August, September, and October will go down as nothing more than perhaps the greatest salary drive in modern baseball history ...
The Notorious B.I.G. - Launch.comIn just a few short years, the Notorious B.I.G. went from a Brooklyn street hustler to the savior of East Coast hip-hop to a tragic victim of the culture of violence he depicted so realistically on his records. His all-too-brief odyssey almost ...
A repeat lesson for voters - Asia TimesThe number of economically damaging policy ideas imposed on the United States has greatly increased in the past few months. However, from the statements of the presidential candidates, the next few years may turn this storm of bad ideas into a ...
Tough times for real estate agents, bankers - Northwest HeraldDuring the boom times, Jan Leider liked to take five vacations a year. Now, the president of Northwest Mortgage Services takes one. Leider's Crystal Lake business is off. She is selling about half the number of mortgages that she did during the first ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. If the U.S. government does dump $700 billion into the financial system–even if $100 billion or so at a time–Hank Paulson couldn’t manage ...
Archive for November, 2008 - Reality CheckDuring his tenure as President of the United States, George W. Bush has been stingier with his constitutional authority to grant pardons than any chief executive since World War II. As of November 24, with just under two months left in office, out of ...
Political Punch - ABC News BlogsJake Tapper is ABC News' Senior White House Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. Tracey Schmitt, the spokeswoman for Alaska Gov. Sarah Palin ...
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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