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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
Kauai mortgage rates news:
Financial News
Kaua‘i home foreclosures offer opportunities - Kauai Garden Island News
It’s hard to imagine any silver lining in the dark clouds of the economic horizon. It would be gone already, stripped away by looters, melted down and sold for cash. When economic times get this rough, many are doing all they can just to keep a ...

US Navy intercepts missile shot from Hawaii base - Salon
Nov 2nd, 2008 | HONOLULU -- U.S. Navy officials say one of two short-range ballistic missiles shot from a military facility in Hawaii in a defense system test was hit by an interceptor missile fired from a Navy ship. Vice Adm. Samuel J. Locklear says ...

Hawaii title companies feel the pain of real estate slump - Pacific Business News
Hawaii’s largest title and escrow company recently laid off several dozen employees, while other firms have closed branches, trimmed staffs and instituted pay cuts over the past six months because of the downturn in real estate and tightening in ...

Business Briefs - Honolulu Star-Bulletin
Japan Smaller Companies Fund (JSCFX), launched in 2001 by Curtis Freeze of Honolulu-based Prospect Asset Management Inc. , has shut down. The small-cap mutual fund (ticker: JSCFX), which invested in undervalued Japanese companies with above-average ...

Alexander & Baldwin, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.com
Good day ladies and gentlemen and welcome to the third quarter 2008 Alexander & Baldwin Earnings Call. (Operator Instructions). I would now like to turn the call over to your host for today Mr. Kevin Halloran, Vice President of Corporate Development ...

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