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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
Schuyler mortgage loan news:
Financial News
Erie County Real Estate Transactions - Buffalo News
• 31 Lanoche Court, Michael A. Young; Karen A. Young to Yijun Cheng; Li Li, $525,000. • 1 Cloister Court, Mary Michael Egan; Edmund A. Egan to Michael P. McGorry; Pamela M. McGorry, $466,000. • 73 Hampton Hill Drive, Nicholas D. Mecca; Efterpe ...

Front Page News: - Berkeley Daily Planet
Development-related contributions continue to pour into the coffers of candidates for next week’s Berkeley City Council election, with Mayor Tom Bates in the lead both in total and sector-related contributions. MAYORAL RACE Tom Bates Mayor Tom ...

Developers Continue Cash for Council Race Favorites - Berkeley Daily Planet
Development-related contributions continue to pour into the coffers of candidates for next week’s Berkeley city council election, with Mayor Tom Bates in the lead both in total and sector-related contributions. MAYORAL RACE Tom Bates Mayor Tom ...

JOB QUEST 2008 ---- There's a new breed of worried job hunters in ... - Morris County Daily Record
Howard Corneilson, a computer systems executive, has been out of work before, and things were pretty bad a few years ago when he took a job at a supermarket working in the seafood section. But this time is different because his wife, a human resource ...

Institutional Investor’s Alpha Hedge 15th Annual Global Hedge Fund ... - MAR
Harvey Shapiro has been associated with Institutional Investor magazine since 1972 and is currently Senior Contributing Editor. He is also Senior Advisor to Institutional Investor Conferences. Mr. Shapiro has written and edited articles on a broad ...

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