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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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Greenlee mortgage rates news:
Financial News
Mortgages still available in the Gila Valley - Eastern Arizona Courier
It’s still possible to qualify for a home mortgage in Graham County — even with a credit score that is less than perfect. “You have to have good credit, but not pristine credit,” real estate broker Tracey O’Donnal said. Most Valley ...

As borrowers stumble, bankruptcies soar in state - Tucson Citizen
Arizona bankruptcy filings in October hit their highest levels of 2008. Here are selected data for the month, with percentages showing changes from October 2007: Arizona's bankruptcy filings surged to a new yearly high in October, with observers ...

Textron Inc. Q3 2008 Earnings Conference Call Transcript - Seekingalpha.com
Ladies and gentlemen thank you for standing by and welcome to the Textron Earnings Call. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions]. As a reminder this ...

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sources: informars.com, erate.com, Freddie Mac
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