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Pas challenges Kleefisch in 38th Assembly race - WISC NewsCOLUMBUS - Attorney and residential mortgage lender Dick Pas of Oconomowoc is challenging two-term representative Joel Kleefisch for the seat in the state legislature from Wisconsin's 38th district. The 38th district includes all of the city of ...
Mortgage refinancing rush is on - Milwaukee Journal SentinelExperts say everybody's case is unique and depends on the type and status of the mortgage, refinancing costs, overall finances and plans for the home. But there are some common factors to consider: How long will it take to recover the up-front costs ...
Oconomowoc condo project sells first unit - Milwaukee Journal SentinelNov. 13, 2008 | An upscale condominium project in Oconomowoc that ran into delays amid litigation with its former general contractor has sold its first unit. Vespera at Porticellos sold the 2,700-square-foot villa-style condo for $530,000, said ...
Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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