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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.
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Twin Falls refinance mortgage news:
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Bookmakers put on spurt as Greeks make challenge - Times OnlineLadbrokes and William Hill, Britain’s biggest bookies, both jumped against a falling market on talk that Opap, the partly state-owned Greek gaming company, was about to move in on their turf with a bid. Opap, the largest gaming company in Europe ...
Feeling the squeeze: For many families, wages aren't keeping up with ... - Missoulian“I don't think we would go down there if it weren't for the kids,” says Kristina Degele of her occasional trips to the Missoula Food Bank. While Kristina stays home with 3-year-old Alexis and Damian, 1, husband Joseph is earning $18 an hour ...
View from the Right: Obama tax plan 'plumb' crazy - Hanford SentinelThis Election Day could usher in a crushing blow to the American dream. Within hours of meeting Joe the Plumber, Americans from all over the country flooded my inbox with their stories. Joe the Plumber, as so many who watched the final presidential ...
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