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News about Mortgages:
It's Crunch time - IndependentSheleen Johnston, from Donabate, Co Dublin, made sure she got a good deal on her mortgage and insurance as well as looking for discounts when shopping TIMES are getting tougher, making people think hard about budgeting and saving money. With money ...
Jean Chatzky: How to clean up your credit - ABC2 NewsNo doubt you've been hearing a lot about this credit crunch, but do you know what it actually means for you as a consumer? Judging from the questions I've been getting lately, many people don't. That's because it's complicated, to say the least, and ...
She got the car, he got the bad credit score - Los Angeles TimesDear Liz: In our divorce, my ex was awarded the car but was supposed to make the payments. She is always behind, and since my name is on the car loan my credit scores remain low. Is there any way to get my name off the loan? Answer: Typically no, at ...
Big CMBS Loans Near Default; CMBX Soars, REITs Tank - Seekingalpha.comThe BBB-5 CMBX is above 3250. Do you know where your money is? These are record levels for the index, and they are seemingly indicative of even greater trouble in the CMBS market. If one were to use the stock price of many Mortgage REITs however, it ...
November 22 real estate transactions - Nevada JournalMichele Allison Roberts to Theresa L. Derry, property at 4146 Eisenhower Lane Unit 8 - $126,500. Edge Technologies Inc. to Iowa State University Research Park Corp., property at 2500 N. Loop Drive - $2,845,907.86. Glen A. Anderson and Judith A ...
Paying the price for tax cuts in Broward County - Fort Lauderdale Sun-SentinelWeston homeowner Tony Steinbuck fights fires for a living, but even he is incensed by the more than 50 percent increase in fire fees imposed by his city. "It's a big scam," said Steinbuck, 47, a Palm Beach County firefighter whose bill jumped from ...
Northland Community Calendar November 19-25 - Kansas City StarTHE TRUTH ABOUT REVERSE MORTGAGES: IS GETTING A REVERSE MORTGAGE RIGHT FOR YOU?: Information only seminar. 1:30 p.m. Nov. 20, KC Mortgage Planning, 12 Westwoods Drive, Liberty. Seating is limited. Please register. www.kcmortgageplanning.com (816-415 ...
GMAC seeks change in status - Globe and MailDENVER -- GMAC Financial Services , the financing arm of General Motors, said yesterday that it applied to become a bank holding company, making it eligible for aid under the U.S. government's $700-billion (U.S.) bank rescue plan. GMAC said the ...
Cap Cana’s collapse could cast shadow on Dominican investments - Domican TodayGolf course at Cap Cana. Zoom Picture Santo Domingo.- A report by the company J.P. Morgan and a November 19 article in the magazine Latin Finance evaluate the resort Cap Cana’s possibilities survive the current crisis, and its collapse could cast ...
Business Digest - Providence JournalFM Global to increase work force FM Global, the property insurer based in Johnston, plans to increase its information-technology work force by 6 percent by year’s end. It plans to hire 26 information-technology professionals and a dozen paid ...
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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