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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.

View all Terms
Monroe home equity loans news:
Financial News
Corrections and clarifications - Milwaukee Journal Sentinel
An article Wednesday about a proposed merger of Milwaukee County justice facilities incorrectly stated that the House of Correction is in County Supervisor Paul Cesarz's district. It is in Supervisor Mark Borkowski's district. An item in the Life ...

IMF: The Times They Are A-Changin' - Common Dreams
Have things changed at the International Monetary Fund? Or is the world just witnessing yet another in a long series of global economic double standards? IMF Managing Director Dominique Strauss-Kahn says that the "need for public intervention" to ...

An Invitation to Our Readers - BusinessWeek
Earlier this year, we launched a new and innovative feature on BusinessWeek.com to prominently highlight the insights of our readers. Called In Your Face , it calls attention to the most substantive comments left on our site by our readers. Not only ...

Terry Hutchens: IU Q&A - Indianapolis Star
Question: When was the last time a committee of more than 3 people made a timely, intelligent decision? If "someone" thinks a 10 person committee can choose the next coach, wouldn't 20 people do an even better job? How about 30? (Mike in Grand ...

1992 Republican Party Platform - CNN
1992 Republican Party Platform Preamble Uniting Our Familyl Family: The Home of Freedom For Healthier Families AIDS Older Americans Promoting Cultural Values Individual Rights, Good Homes and Safe Streets Ending ...

Now Is The Time To Save For Retirement - kptv.com
People turning 50 today are beginning to view that milestone as a time of enjoying new-found freedom, of making new choices and dreaming new dreams. They approach life after 50 with more education, greater economic resources and diverse attitudes ...

Tell Me More - BayInsider
Until 530 pm cdt.. At 501 pm cdt, national weather service doppler radar indicated a severe thunderstorm capable of producing penny size hail, and destructive winds in excess of 70 mph. This storm was located approximately near sageville, or 6 miles ...

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