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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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Jefferson mortgage loan news:

Top Dollar Payout Offered For Loan Modification Leads - WebWire
Jefferson Financial Consortium offers top industry payout for qualified mortgage leads. Brokers who are sitting on idle leads or have clients who are unable to re-finance can work together with JFC to help the client resolve their financial troubles ...

Net Branch Opportunities Emerge in Booming Loan Modification Industry - PR Inside
2009-01-06 19:16:47 - Mortgage brokers and real estate agents salvage their career and their clients' homes by working with the most powerful business in the loan modification industry. Since the downfall of the housing economy, loan modifications ...

Home sales off 30 percent since '06 - Fort Morgan Times
Home sales have fallen by 30 percent over the past two years, but there is hope for those who are trying to sell. Although it can be more difficult today for buyers to get mortgage loans, they are out there for people who have good credit ratings and ...

County home values stay steady - Herald-Star
STEUBENVILLE - House values are remaining constant in Jefferson County, regardless of the news elsewhere where values are slipping. Lewis "Dobie" Piergallini, Jefferson County chief deputy auditor in the real estate division, said many people are ...

Mortgage crisis here may be worse than reported - Buffalo News
Dorothy Gary never lost her home, but the senior citizen’s oversized 24 percent mortgage rate brought her awfully, awfully close. Gary got help, but only after learning that seven years of uninterrupted monthly payments had barely made a dent in ...

Audio: Washington correspondent reflects on Bush interviews - Milwaukee Journal Sentinel
Jan. 9, 2009 1:52 p.m. | In 11 days, George W. Bush will leave the White House and the presidency and return home to Texas. In a story that will appear in Sunday's Journal Sentinel, Washington Bureau chief Craig Gilbert looks back at a half-dozen ...

Woman who stole from sports league sentenced - KUSA-TV
LITTLETON - An office manager has been sentenced to jail time for forging stealing more than $100,000 from a local sports league. The Jefferson County District Attorney's Office says on Thursday, a judge sentenced Carrie Smith, 45, to four years ...

JP firefighters take battle over pay to the public - WWL-TV
METAIRIE, La. - The public relations battle over proposed pay changes for Jefferson Parish firefighters continues to escalate as the date for the council to consider those changes approaches. Jefferson Parish firefighters. Arguing that Jefferson ...

County home values remaining steady - Times-Leader
STEUBENVILLE - House values are remaining constant in Jefferson County, regardless of the news elsewhere where values are slipping. Lewis "Dobie" Piergallini, Jefferson County chief deputy auditor in the real estate division, said many people are ...

The Tax Man - Midland Daily News
City Assessor Reid Duford knows all about the roller coaster ride that's been Midland's property tax story over the past few years. He should. He's been in the front car. "I agree (with the forecast) that there will be a downward trend in property ...