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Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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San Juan mortgage quotes news:
November 2008 - Weekly StandardOut on the tour circuit for his new book, "How Mitt Romney, the Fake Conservative, Almost Bought the Republican Primary With His Big CEO Money" "Do the Right Thing," Mike Huckabee took a break from bashing former rival Mitt Romney to take a few ...
2008 (2665) - Dakota Voice► May 22 - May 29 (1) To assuage conservatives, McCain has rolled out endorsements from leading conservatives and aired a new television ad that mentions Ronald Reagan. He plans to attend a major gathering of conservatives later this month. The ...
Peavy waits, Beckett wins, Joba detoxes - Atlanta Journal ConstitutionThe entry titled "Peavy waits, Beckett wins, Joba detoxes," and any of the comments about it. No doubt, TBS had a bad Saturday with its nightmare technical glitch that caused us to miss most of the first inning of ALCS Game 6. And yes, we at AJC.com ...
Alabama son Peavy to pitch for Braves? It's possible - Atlanta Journal ConstitutionThe entry titled "Alabama son Peavy to pitch for Braves? It's possible," and any of the comments about it. He’s 27 years old, was a unanimous winner of the 2007 NL Cy Young Award, has averaged 192 innings and 194 strikeouts in six full seasons in ...
Anti-Obama Boomerang? Why more votes for McCain might mean more Dems ... - SlateThe "October Surprise" that might help McCain wouldn't be a new bin Laden tape, or an Al Qaeda attack, but rather a medium-sized setback in Iraq , no? One of McCain's problems is that voters aren't paying much attention to Iraq--because it looks from ...
Giants Are All Talk, No Action - San Francisco GateSo there goes Andruw Jones. To the Dodgers. Miguel Cabrera? Gone? Alex Rodriguez? Ha Ha Ha Ha Ha! The Giants need a bat, a big bat. But these linup-fixers are slowly, surely going to other bat racks. Andruw Jones at $18 million a year? OK, maybe the ...
McCain slams Obama on 'redistribution of wealth' - Boston GlobeConservative bloggers and websites have been flogging it, and now John McCain's campaign has put its imprimatur on it: a newly disclosed radio interview in which Democratic rival Barack Obama talks about the redistribution of wealth. The interview ...
Labor warns McCain about crowds - Boston GlobeThe head of the nation's biggest labor federation is joining the chorus of voices warning about the increasingly angry crowds coming to John McCain's campaign events. At rallies this week , McCain's criticisms of Democrat Barack Obama have been met ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The Obama campaign talks a lot about new ideas and expanding the political map, but in the swing state of Pennsylvania, which the campaign has ...
What John Lewis' attack on John McCain was really about, and Obama's ... - Los Angeles Times BlogsWith the number of preelection days dwindling and tempers rising, we had more of the predictable homestretch toing-and-froing over campaign attacks Saturday. Someone on Side A says something that Side B can seize upon and criticize to create a fight ...
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